News

Fund groups have warned the RDR will lead to increased volatility in fund flows and a greater share of assets going to a handful of the larger asset managers.

Russia plans to raise up to $30bn through asset sales over the next three years in the biggest privatisation programme since the frenzied disposals under former leader Boris Yeltzin.

Investec's Emerging Markets Debt fund, the first daily-dealing UK onshore vehicle investing in local currency EMD, has broken through £1bn of assets after seeing substantial flows over the past year.

Cazenove has appointed John Warren from UBS to work alongside small and mid-cap manager Paul Marriage.

F&C Global Growth fund manager Terry Coles is joining Newton's global equities team in September.

Jupiter's Philip Gibbs has rebuilt a strong stake in insurer Prudential, just months after offloading the stock over its proposed AIA takeover.

Bank of England (BoE) Governor Mervyn King has issued a stark warning to MPs "not to read too much" into recent strong GDP figures.

Allianz RCM is to launch its Brazil fund on 7 October, with commodity extractors and domestic consumption stocks expected to play key roles in the portfolio.

Investec's John Stopford believes UK index-linked gilts continue to offer good value after the DMO raised £6bn in a sale of the securities yesterday.

Cazenove has promoted Rob Thorpe to the newly-created head of UK retail position.