News

Barings' James Syme and Paul Wimborne are joining J O Hambro Capital Management (JOHCM) to launch a new emerging markets fund later this year.

RCM is preparing to launch GEM multi-asset fund in the second quarter of this year.

Schroders has launched two absolute return currency funds, aiming to offer low risk cash plus returns from actively managed portfolios.

Jupiter's Guy de Blonay is among 22 managers who have made Trustnet's Alpha Manager list for the first time, while high profile names including Sanjeev Shah and Mark Lyttleton have been cut.

AXA Investment Managers is launching a UK mid-cap fund in early March, subject to FSA approval.

Former Santander multi-manager Keith Speck has joined RSM Tenon Financial Management.

Legg Mason's heavyweight managers are uber-bulls on the US corporate sector across the market cap spectrum, with Chuck Royce predicting a rebound in small caps and Bill Miller seeing a return to form with his large-cap holdings.

Invesco Perpetual's Neil Woodford has sold his £250m stake in Northumbrian Water Group, as regulations restrict the firm's potential to provide decent returns.

Fears of a double-dip recession appear to have receded after the high street enjoyed surprisingly robust trading last month, boosted by continued hefty discounting and catch-up shopping after December's snow.

London's leading share index pushed above the 6,000 mark in early morning trading, buoyed by rising commodity prices and corporate profits.