News

Man Group is to acquire the remaining exposure to the estates of bankrupt US investment giant Lehman Brothers from funds managed by its subsidiary, GLG Partners, for $355m (£220.4m) in cash.

Boutique asset manager Polar Capital is preparing to soft-close three of its most high profile funds, including the £446m Global Technology fund.

Former SWIP portfolio manager Divya Mathur will head up Martin Currie's forthcoming India fund, which is likely to come to market next year when there is sufficient investor appetite for the product.

Moody's ‘red flag' corporate governance report casts shadow over Chinese companies.

Legal & General IM is to reposition its £529m Diversified Absolute Return Trust in a move which may see it change the fund's name as well as its investment objective, Investment Week understands.

Chinese equities will bottom out this year, according to Mansfield Mok, manager of the £1.2bn GAM Star China Equity fund, who also forecasts China's central bank will loosen its monetary policy in the second of half of this year.

Invesco Perpetual's Paul Causer and Paul Read have allocated nearly a quarter of their £398m Tactical Bond fund to Spanish and Italian bonds in the view the countries are "too big to fail".

Leading brokers have urged investors to buy BSkyB as shares in the broadcaster fell 18% and News Corporation withdrew its bid for the firm.

Thames River multi-manager heads Rob Burdett and Gary Potter's latest quarterly report on the fund management industry shows just 2.68% have posted top quartile performance over the three years to Q2 2011.

UK banks were not among the eight institutions to fail the European stress tests on the sector.