Funds & Fund Managers
|Average Manager Total Return : -3.6% (31 March 2015 - 31 March 2016)|
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Scottish Mortgage doubles max allocation to private equity
The £3.5 billion Scottish Mortgage Investment Trust is to double its unlisted equities weighting from 12.5% to 25% of total assets.
BMO unveils global equity market neutral fund
SICAV launch follows OEIC fund which was unveiled last year.
Aviva Investors axes 20 investment fund jobs
Leavers include John Hampton, head of sterling investment grade credit, senior corporate bond portfolio manager Sandeep Bhatia, and Tim Jagger, senior fixed income Asia portfolio manager.
Allianz GI dumps Bric and launches Strategic Bond for Riddell
Allianz Global Investors is changing Mike Riddell's Allianz Sterling Total Return fund into a Strategic Bond fund to widen its remit.
Legg Mason merges Martin Currie global fund range
Seven Martin Currie global funds has been merged into Legg Mason's global fund range on 11 March.
BlackRock loses London-based global equity head
Gary Clarke has quit after less than two years with the firm, with his responsibilities subsequently split between Stuart Reeve and Tom Callan.