News

Equity fund sales overtook bonds for the first time since 2007 last quarter as the IMA announced 2009 has been a record year for net retail sales.

Jupiter and Schroders are surprise entrants at the top of Bestinvest's ‘dog assets under management list', which tracks the largest funds performing well below their recognised benchmark.

John Stopford will assume full control of the Investec Sterling Bond fund after the departure of Harsha Patel.

M&G posted a £2.51bn total net inflow during the third quarter of the year, with net retail sales of £1.7bn.

Guy de Blonay's defection to Jupiter raises serious concerns about the integration of Henderson and New Star, Chelsea Financial Services' Darius McDermott believes.

Henderson New Star's Guy de Blonay is leaving the group to rejoin Jupiter.

Fidelity will stop actively marketing its long/short FAST Europe fund to new investors, after seeing it grow four-fold over the past year.

GAM has appointed former T. Rowe Price and BlackRock manager Niall Gallagher as the replacement for John Bennett on two long-only European equity funds.

Swip's Rory Hammerson, manager of its Pan-European Equity, Smaller Companies and SRI funds, has departed the group after more than 12 years.

Tiburon Partners will launch its new Ucits III Taiko and Terra funds on 27 October.