News

Eclectica Asset Management is to close Hugh Hendry's CF Eclectica Europe fund.

Threadneedle's Stephen Thornber is looking to the commodities sector for special dividend payouts as he prepares to cut certain income payers in his quarterly portfolio review.

William de Broë, the private client subsidiary of Evolution group, is looking to acquire part of the wealth management arm of BNP Paribas.

The IMA is to monitor the holdings of funds in the Money Market sector for the first time, in line with new FSA and European requirements.

Rathbones has further expanded its team of investor directors with the appointment of Peter Anwyl-Harris and James Brennan.

Henderson has managed to retain 91% of the assets it took on with the acquisition of Gartmore, reporting an outflow of £438m from Gartmore funds in the first half of the year.

Barings' Toby Nangle has joined Threadneedle as head of multi-asset.

Bank shares climbed in early trading, regaining some ground after Friday's stress test results caused sharp falls in the UK's major banks.

George Soros' $25.5.bn Quantum Endowment hedge fund is sitting on 75% cash after the portfolio pulled back from the market following a 6% loss last year, Bloomberg reports.

Investment management boutique J O Hambro Capital Management is to be acquired by Australian fund manager BT Investment Management (BTIM) in a £209m deal.