News

LV= Asset Management has appointed F&C's Toby Vaughan as principal fund manager within its multi-manager team.

JO Hambro Investment Management is looking to market its absolute return portfolio to fund of hedge fund providers and believes it can capitalise on a lack of choice in the market.

OBSR has deferred its ‘A' rating on the Gartmore European Absolute Return and its Sicav equivalent following the suspension of manager Guillaume Rambourg.

Premier Asset Management has renamed its Absolute Growth fund and switched its IMA sector classification to more adequately reflect the fund's new investment remit.

HSBC Global Asset Management will launch an absolute return global emerging markets fund later this month.

The FTSE 100 was marginally up in early trading, by 0.06% or 3.41 points to 5,748, only a few hours before the Prime Minister Gordon Brown is expected to call a General Election for 6 May.

Gordon Brown believes the large economies are close to agreeing a global tax on banks which would cost the financial sector billions of pounds a year - but he played down expectations of a final deal at the next G20 meeting in June.

Gordon Brown has confirmed the General Election will be held on 6 May, with the state of the economy and the future of financial services regulation to be the key manifesto targets.

Greece will this month launch a multibillion-dollar bond in the US, selling itself for the first time as an emerging market country as demand for its debt dwindles in Europe.

Gartmore has completed a joint venture with Hermes Fund Managers Limited to combine private equity fund of fund businesses.