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Today alternative Ucits III structures are very much in vogue, but the SEB Asset Selection Fund traces its origins back more than five years, to a train journey to northern Sweden in March 2005. »

Nearly two years after the bankruptcy of Lehman Brothers brought home to the global financial industry the seriousness of the crisis that unfolded from the collapse of the US sub-prime mortgage market, the shape of the regulatory environment drawn up as a response to the past three years of turbulence is now taking shape, for better or worse. A major step came on July 21 with the signing into US law of the Dodd-Frank Wall Street Reform and Consumer Protection Act. »

Scout Investment Advisors, a wholly owned subsidiary of UMB Financial, has appointed David Lubchenco as executive vice president, sales, marketing and client services. »

Despite inflationary worries in recent months, it seems unlikely that the Chinese government’s inflation target of three per cent will be significantly breached in the near future, says Ewan Markson-Brown, a member of the team managing the Newton Asian Income Fund.  »

Despite a lack of consensus among fund managers on whether the worst is over for the sector, financials have bounced back strongly in the Middle East and North Africa region, according to the latest sector update published by Standard & Poor’s Fund Services. »

Skandia Investment Group has taken a GBP3m position in the Templeton Global Bond Fund for its Global Fixed Interest Blend Fund. »

The California Public Employees’ Retirement System has welcomed the Securities and Exchange Commission’s decision to give long-term investors the opportunity to nominate skilled candidates to company boards. »

Standard Life Investments says investors committed GBP1.46bn gross (GBP713m net) into its range of mutual funds during the first six months of 2010. »

Nikko Asset Management has appointed Blair Pickerell as head of Asia and global chief marketing officer. »