News

Graham Ashby has re-introduced Imperial Tobacco as one of the largest holdings in his £89.1m LV= UK Equity Income fund just three months after selling out of the stock.

J O Hambro Capital Management's Alex Savvides is adding UK domestic-focused companies in the belief the fears over the British economy have been overdone.

River and Mercantile (R&M) launches its Global High Income fund this week for manager Alex O'Reilly.

Legal & General Investments' Robert Churchlow has added two new positions to the £232.3m Growth trust ahead of expected merger and acquisition activity.

HSBC Asset Management is planning to change the investment approach on its GIF European Equity fund after turning around performance on European Growth using the same method.

Gartmore UK Alpha fund manager Leigh Himsworth has increased his weighting to small and mid caps on expectations of increased M&A activity.

Felix Wintle has made some strong sector shifts in his Neptune US Opportunities fund over the past two weeks, after admitting he has been too bearish on the American economy.

Henderson's Bill McQuaker has initiated short positions on the FTSE 100 and S&P 500 across his multi-manager range on expectations of near-term pressures for equity markets.

A reversal in fortune for the markets over the past year has led to a sharp rise in wealth for the financial industry's highest rollers. Here, Investment Week brings you a quick fire guide to the 2010 Sunday Times Rich List …

Gartmore fired one of its senior traders for breaching rules just weeks before the suspension of star fund manager Guillaume Rambourg.