News

Skandia Investment Group has changed the manager line-up on its flagship £1bn Global Dynamic Equity fund, removing a £67m mandate from Alliance Bernstein and handing it to Mandarine Gestion.

China has eclipsed Japan as the world's second largest economy after posting GDP figures of $5.8trn for 2010, beating Japan's $5.474trn.

The IMA has criticised the Association of British Insurers' (ABI) proposed changes to its Managed sectors, arguing the suggested names are "opaque" and inconsistent with RDR and TCF principles.

Ignis' Diamond Lee believes Asia will have a major inflation problem in the second half of the year, causing markets to become more risk averse.

Jan Luthman, co-fund manager of the £156m Walker Crips Equity Income fund, has built up an 80% position in FTSE 100 stocks, believing the area is undervalued.

Saltus Partners' multi-manager Dan Kemp is finding compelling value in listed alternative investment trusts and is looking to profit from the sector's deep discounts.

Sebastian Lyon has warned volatility will increase on his £894m Trojan fund as higher inflation and falling wages impact the markets.

Smith & Williamson's £45m Global Gold & Resources fund was among the best-performing funds of 2010 thanks to its exposure to smaller companies and the soaring gold price.

Iveagh Private Investment House, the Guinness family office, has launched six global multi-asset funds offering a range of different risk profiles.

GLG has launched a Ucits III absolute return version of its North American Opportunity portfolio, a Cayman-domiciled hedge fund.