News

Frontier Capital Management is launching a managed futures fund of funds this week.

The Cautious Managed sector should be re-defined as its current label is misleading, according to Chelsea Financial Services' managing director Darius McDermott.

The FTSE edged 0.4% higher to 5,574.98 points in early trading, recovering some of yesterday's 2.1% loss.

RDR DEBATE: KEY POINTS

The independent Office for Budget Responsibility (OBR) has raised its estimate for economic growth this year to 1.8% from 1.2%.

Two thirds of fund managers expect the use of performance fees on equity portfolios to rise next year, according to research from Skandia Investment Group.

Ignis has hired Michiel Timmerman from Aberdeen Asset Management to run its newly created £2.5bn multi-manager unit.

Economist Nouriel Roubini, known around the world as Dr Doom for forecasting the credit crisis, says Portugal will be the next European country in line for an Irish-style bailout.

Matrix has hired Angus Woolhouse, head of global institutional business at Gartmore, as chief executive of its asset management business.

RWC Partners is preparing a regulated global macro hedge fund in January for new recruits Peter Allwright and Stuart Frost.