News

Baring Europe Select Trust manager Williams foresees increased interest in low-valued European companies

The Legg Mason Western Asset Global Credit Absolute Return fund is set to launch on 1 May with a strong bias towards senior and subordinated financial debt.

New Star Global Financials fund manager Emily Adderson has initiated a derivative position to hedge out the market volatility on the vehicle's European bank holdings.

Henderson plans to change the investment policy and name of its New Star Technology unit trust to the Henderson Global Innovation fund.

Schroders is eyeing the addition of enhanced index-based products to its retail range in preparation for an expected increase in passive fund use post-RDR.

The FTSE 100 index fell by 0.4% on Friday, the first time it declined in four days. The benchmark index ended the day at 5703.02 points, off by 24.63 points.

Welcome to Investment Week's quick-fire guide to yesterday's RDR developments.

Cofunds chief executive Brett Williams believes proposed changes to platform remuneration is likely to lead to increased costs and heightened adviser confusion.

The FSA is set to bring in new capital adequacy requirements for platforms, it said today in its platform discussion paper, warning the cost of ongoing business for some players will increase.

St James's Place has launched three new funds, picking industry heavyweights such as Mark Lyttleton and Jonathan Asante to run the mandates.