All news

Handshake with globe

Luke Ellis to head Man’s multi-manager business

Man has appointed Luke Ellis as head of its multi-manager business. »

Ramon Eyck, head of equity research at Skandia Investment Group

OrbiMed to run the Skandia Healthcare Fund

Skandia Investment Group has selected OrbiMed Capital to manage the Skandia Healthcare Fund. »

Istanbul, Turkey

Pillars of Turkey’s economic success to be tested in next nine months

Turkish asset prices may face headwinds as the three pillars of Turkey’s economic success story – prudent fiscal management, central bank credibility and political stability – are tested over the next nine months, according to Alexander Perjessy, senior economist, global economic research at Alliance Bernstein. »

Money loss

June long-term Ucits outflows less severe than May

Long-term Ucits experienced net outflows for the second month in a row in June, albeit significantly less severe than in May, according to the European Fund and Asset Management Association. »

Wheat

Skandia takes position in DWS Global Agribusiness Fund

Skandia Investment Group’s Global Dynamic Equity Fund has taken a 1.5 per cent position in the DWS Global Agribusiness Fund managed by Global Thematic Partners. »

Dollars

Bond funds and emerging markets continue to rake in record inflows

Year-to-date flows into EPFR Global-tracked bond funds moved over the USD270bn mark during the week ending 18 August as the prospect of lacklustre growth in major economies pummelled the world’s equity markets. »

Mutual funds

Manulife launches six mutual funds

Manulife Mutual Funds, a division of the renamed Manulife Asset Management, has added six new funds to its growing family of mutual funds. »

Carol Baldwin Moody, Wilmington Trust

Wilmington Trust hires Carol Baldwin Moody to head enterprise risk management

Wilmington Trust has hired Carol Baldwin Moody as senior vice president and chief risk officer to head a newly centralised enterprise risk management division. »

Morgan Stanley research app for iPad

Morgan Stanley launches research app for iPad and iPhone

Morgan Stanley has launched a research app for the iPad and iPhone, which allows institutional clients to view the company’s research from the convenience of their mobile device. »

Jane Lesslie, senior portfolio manager, RBC Asset Management UK

RBC Global Asset Management launches emerging markets bond fund

RBC Global Asset Management has launched the RBC Emerging Markets Bond Fund, the only pure emerging markets bond fund available to individual investors in Canada. »

Long and short straws

Long/short equity can offer better opportunity than long-only, says Credit Suisse

Long/short equity strategies appear to offer an alternative investment opportunity for equity investors versus long-only investing, a paper by Credit Suisse says. »

Sally Todd, managing partner of Penrose Financial

Survey reveals pressure on fund managers to boost shareholder engagement

Nearly two thirds of leading figures in the European investment industry believe that greater expectation from clients will compel fund managers to increase levels of shareholder engagement, according to Penrose Financial's second annual survey on the future of the pensions and investment industry. »

Paul Wilcox, chairman, Way Group

Way Group launches Absolute Return Portfolio Fund

The Way Group has launched the Absolute Return Portfolio Fund, one of three new investment funds to use a new tiered performance fee structure. »

Tim Levy, chief executive of Future Capital Partners

Future Capital chief executive set for Northwest Passage expedition

Tim Levy, chief executive of GBP6bn alternative investment firm Future Capital Partners, is about to embark on a expedition led by Bear Grylls through the Northwest Passage. »

Index

S&P launches International Preferred Stock Index

Standard & Poor’s has launched the S&P International Preferred Stock Index, the first index providing exposure to preferred stock in developed European and Asian markets. »

Handshake

Northern Trust adds public funds executive to institutional sales team

Northern Trust has added Luke Howe to its client solutions group at its asset management arm, Northern Trust Global Investments. »

Money and calculator

Societe Generale Securities Services to provide OTC valuation for Santander

Societe Generale Securities Services has been mandated by Santander Asset Management to provide a range of asset servicing for its Luxembourg-domiciled funds which are administered and deposited with SGSS. »

Open lock

Merrion opens up High Alpha Fund

The Merrion High Alpha Fund reached its three year anniversary on 16 August, having delivered growth of 103 per cent since launch and 26.6 per cent per annum. »

Martin Harris, Aegon Asset Management’s head of European distribution

Aegon Asset Management wins asset allocation mandate

Aegon Asset Management has won a GBP300m pension scheme mandate from manufacturing company Molins. »

Globe and money

SEI adds USD2.5bn in new institutional assets in first half of 2010

SEI added 15 new institutional clients and nearly USD2.5bn in assets under management through the first half of 2010. »