News

Jupiter's Simon Somerville has been named John Chatfeild-Roberts' deputy manager on the £275m Global Managed fund.

Equity fund managers are divided on the ability of absolute return funds to deliver positive results in current market conditions.

Apollo Multi Asset Management has recruited Ian Willings as senior fund manager.

RWC Partners is set to launch two income funds for the trio of managers it poached from Schroders.

Liontrust has begun marketing its forthcoming long-only credit fund, but has pushed back plans to launch it to the first quarter of 2011.

Investec's Max King says investors have become too fixated on income generation at the expense of capital growth.

The UK Consumer Prices Index (CPI) was unchanged in August at 3.1%, according to the Office for National Statistics (ONS).

There is now a greater likelihood the UK will experience a double dip next year, while it is "almost a certainty" countries such as Greece will slide back into recession, says Invesco Perpetual's Neil Woodford.

PSigma's income guru Bill Mott says defensive sectors are offering the most attractive yields relative to 10-year gilts he has ever seen.

The board of £14m Henderson Financial Opportunities is proposing to wind up the investment trust due to the continued fears around the banking industry.