News

GLG Partners has extended its '1 and 20' charging structure to include its Global Emerging Markets fund.

Premier Asset Management has been forced to reshuffle management on a number of funds following the departure of CIO Paul Branigan.

Aberdeen Asset Management reported a drop in pre-tax profits for the year to the end of September of 82% to £10.5m, down from £60.5m the previous year.

Hugh Hendry's Eclectica will launch its new absolute return fund on 31 December.

London investors are still wary after last week's request by Dubai World for a six-month standstill on debt repayments raised concerns about possible default.

Fidelity International has launched two new multi-asset funds for Trevor Greetham.

Fund managers have sought to downplay the potential fallout from the Dubai debt crisis on both their holdings and the global economic recovery.

US shares dipped into negative territory in early trading as the after-shock of Dubai's debt mountain disclosure continues to shake world markets.

Gartmore's Roger Guy and Guillaume Rambourg are positive on the medium term outlook for European equities, identifying cyclicals as one of the key beneficiaries of any rise in markets.

Standard Life Investments (SLI) is to launch a closed-ended pan European property recovery vehicle in the coming months.