News

Matrix has launched an absolute return bond fund to be managed by Lazard Asset Management.

Querns Asset Managers founders Phil Roantree and Stephen Whittaker have revealed plans for the next two funds to be launched through their start-up boutique.

F&C is hoping to prevent its Commercial Property trust (FCPT) being merged into the UK Commercial Property trust by offering an alternative deal.

The FTSE 100 index rose by 0.7% to 5063.7 points in early trading led by Royal Bank of Scotland, which edged closer to significant asset sales.

The European Union yesterday pledged to go it alone with a banking levy amid continuing disagreements over agreeing a worldwide plan.

Global hedge funds suffered the heaviest losses for 18 months in May having come into the poor month for equity markets with large long positions.

Swip's Graeme Caughey says the group could look to reduce gilt holdings over the next year on inflation concerns.

Fidelity and LGIM, both large shareholders in Prudential, are among a number of asset managers set for showdown talks with the insurer's directors next week.

Investec will rename its Sterling Bond fund under the ‘Strategic' brand next month in a move to more accurately reflect the portfolio's investment objective.

Artemis' new Global Equity Income fund will have the ability to go short and is set to launch with strong exposure to the US and Europe.