News

A global group of bond investors have threatened the Icelandic government with legal action after being demoted below depositors in recouping funds from the country's shattered banking system.

Gartmore shares have dived more than 22% in morning trading following Roger Guy's decision to retire from fund management.

Gartmore veteran Roger Guy has announced he will retire from day-to-day fund management.

Standard Life's Harry Nimmo is predicting UK small caps will rise 10% in 2011, driven by emerging markets.

Janus Capital is launching its first two global bond funds, focusing on investment grade and high yield.

Charlie Awdry has been reducing exposure to consumer staples, previously a long-term theme on the £768m Gartmore China Opportunities fund.

J.P. Morgan's Global Consumer Trends fund is expected to move from Specialist into Global Growth following the IMA's proposed changes to the sector, to compete with Graham French's £4.9bn M&G Global Basics.

Skandia is replacing Martin Currie's Tom Walker from its team of external managers running the Global Best Ideas fund in favour of a US manager used by Gartmore.

FundQuest is set to launch a fund of absolute return newcits funds into the UK market in Q1 next year.

BlackRock's new Frontiers investment trust will have large a exposure to the Middle East and Africa, but limited holdings in Asia and Latin America.