http://www.fundweb.co.uk http://www.fundweb.co.uk http://www.fundweb.co.uk/magazine/graphics/logo.png http://www.fundweb.co.uk http://www.fundweb.co.uk/fund-news/chelseas-redzone-grows-to-34bn-in-underperforming-funds/1073018.article http://www.fundweb.co.uk/fund-news/chelseas-redzone-grows-to-34bn-in-underperforming-funds/1073018.article Investors have over £34bn in underperforming funds, according to research by Chelsea Financial Services, with the amount held in the 10 worst offenders jumping by more than 70 per cent since the start of year. Wed, 19 Jun 2013 08:36 GMT http://www.fundweb.co.uk/fund-news/dean-buys-rio-tinto-and-barclays-for-cazenove-uk-opportunities/1073060.article http://www.fundweb.co.uk/fund-news/dean-buys-rio-tinto-and-barclays-for-cazenove-uk-opportunities/1073060.article Julie Dean has started a position in Rio Tinto and added to banking group Barclays in her £1.8bn Cazenove UK Opportunities fund as she maintains a pro-cyclical business cycle tilt. Wed, 19 Jun 2013 15:41 GMT http://www.fundweb.co.uk/bonds/standard-lifes-gibbs-favours-uk-bonds-over-japanese/1073051.article http://www.fundweb.co.uk/bonds/standard-lifes-gibbs-favours-uk-bonds-over-japanese/1073051.article The global index-linked bond manager is concerned about Japan’s ability to meet inflation targets. Wed, 19 Jun 2013 13:46 GMT http://www.fundweb.co.uk/fund-news/svms-veitch-domestic-cyclical-plays-are-an-all-too-easy-narrative/1073007.article http://www.fundweb.co.uk/fund-news/svms-veitch-domestic-cyclical-plays-are-an-all-too-easy-narrative/1073007.article Neil Veitch avoids choosing stocks purely as cyclical plays on a UK recovery to focus on “appropriately priced” good businesses. Wed, 19 Jun 2013 13:43 GMT http://www.fundweb.co.uk/adviser-news/hmrc-issues-additional-rebate-tax-guidance/1073049.article http://www.fundweb.co.uk/adviser-news/hmrc-issues-additional-rebate-tax-guidance/1073049.article HMRC confirms payments from fund managers to life companies are not taxable. Wed, 19 Jun 2013 12:03 GMT http://www.fundweb.co.uk/fund-news/news/canlife-total-return-scales-back-equity-exposure/1072983.article http://www.fundweb.co.uk/fund-news/news/canlife-total-return-scales-back-equity-exposure/1072983.article The portfolio of the £10m CF Canlife Total Return fund has been tilted towards fixed interest, with the manager being critical of the the sustainability of equities. Wed, 19 Jun 2013 10:50 GMT http://www.fundweb.co.uk/home/news/liontrust-posts-240-jump-in-net-inflows/1073027.article http://www.fundweb.co.uk/home/news/liontrust-posts-240-jump-in-net-inflows/1073027.article Liontrust Asset Management saw net inflows jump by close to 240 per cent over the year ending 31 March 2013, with the amount of money run by the firm doubling. Wed, 19 Jun 2013 08:42 GMT http://www.fundweb.co.uk/fund-news/brooke-builds-bskyb-position-in-trojan-income/1072859.article http://www.fundweb.co.uk/fund-news/brooke-builds-bskyb-position-in-trojan-income/1072859.article Francis Brooke has started a position in British Sky Broadcasting in his £1.2bn Trojan Income fund as he looks to build a holding in the “powerful franchise”. Wed, 19 Jun 2013 08:18 GMT http://www.fundweb.co.uk/fund-news/threadneedle-unveils-dynamic-real-return-fund-for-nangle/1072979.article http://www.fundweb.co.uk/fund-news/threadneedle-unveils-dynamic-real-return-fund-for-nangle/1072979.article Threadneedle has launched a fund targeting equity-like returns with less volatility for head of multi-asset allocation Toby Nangle. Tue, 18 Jun 2013 13:01 GMT http://www.fundweb.co.uk/fund-news/fidelity-switches-benchmark-on-weirs-emd-fund/1072948.article http://www.fundweb.co.uk/fund-news/fidelity-switches-benchmark-on-weirs-emd-fund/1072948.article Fidelity has moved to a shorter-duration benchmark on its emerging market inflation linked bond fund to protect investors from future interest rate rises. Tue, 18 Jun 2013 10:07 GMT http://www.fundweb.co.uk/investment-trusts/witan-swaps-newsmith-for-heronbridge-on-uk-mandate/1072945.article http://www.fundweb.co.uk/investment-trusts/witan-swaps-newsmith-for-heronbridge-on-uk-mandate/1072945.article The £1.4bn Witan investment trust has handed Heronbridge Investment Management a £75m UK equity portfolio previously run by NewSmith Asset Management. Tue, 18 Jun 2013 08:31 GMT http://www.fundweb.co.uk/fund-news/bond-fund-outflows-reach-new-highs-as-qe-doubts-persist/1072943.article http://www.fundweb.co.uk/fund-news/bond-fund-outflows-reach-new-highs-as-qe-doubts-persist/1072943.article Bond funds across the globe saw outflows reach a new record high last week as investors continued to fret over the future pace of the US’ quantitative easing programme. Tue, 18 Jun 2013 08:27 GMT http://www.fundweb.co.uk/investment-trusts/hendersons-barrass-outlines-changes-to-svm-trust/1072918.article http://www.fundweb.co.uk/investment-trusts/hendersons-barrass-outlines-changes-to-svm-trust/1072918.article Henderson Global Investors head of private equity funds of funds Ian Barrass is to make a host of changes to the recently acquired SVM Global Growth Investment trust, holding off management fees until September 2013. Tue, 18 Jun 2013 08:19 GMT http://www.fundweb.co.uk/fund-news/buxton-joins-omgi-with-110m-boost-to-flagship-fund/1072922.article http://www.fundweb.co.uk/fund-news/buxton-joins-omgi-with-110m-boost-to-flagship-fund/1072922.article Former Schroders fund manager Richard Buxton has started his new role at Old Mutual Global Investors and has already been attracting assets to his new flagship fund. Mon, 17 Jun 2013 16:13 GMT http://www.fundweb.co.uk/fund-news/sei-intends-to-plug-multi-asset-income-gap/1072840.article http://www.fundweb.co.uk/fund-news/sei-intends-to-plug-multi-asset-income-gap/1072840.article SEI head of UK and Europe Kevin Addison intends to offer a multi-asset income product for the UK market. Mon, 17 Jun 2013 15:55 GMT http://www.fundweb.co.uk/home/news/threadneedle-adds-manager-to-uk-small-cap-team/1072896.article http://www.fundweb.co.uk/home/news/threadneedle-adds-manager-to-uk-small-cap-team/1072896.article Matthew Evans will work alongside current UK small cap manager James Thorne, beginning October 2013. Mon, 17 Jun 2013 13:12 GMT http://www.fundweb.co.uk/home/news/fca-warns-investors-over-paying-more-to-harlequin/1072902.article http://www.fundweb.co.uk/home/news/fca-warns-investors-over-paying-more-to-harlequin/1072902.article Latest regulatory alert comes after Harlequin invited investors to fund the completion of properties in St Vincent and the Grenadines. Mon, 17 Jun 2013 13:06 GMT http://www.fundweb.co.uk/investment-trusts/fidelity-china-special-sits-put-on-review-as-industry-reacts-to-bolton-retirement/1072897.article http://www.fundweb.co.uk/investment-trusts/fidelity-china-special-sits-put-on-review-as-industry-reacts-to-bolton-retirement/1072897.article Morningstar has placed the Fidelity China Special Situations investment trust under review, as the industry reacts to the news that manager Anthony Bolton will retire next year. Mon, 17 Jun 2013 12:32 GMT http://www.fundweb.co.uk/investment-trusts/retiring-bolton-remains-optimistic-on-china-despite-disappointment/1072886.article http://www.fundweb.co.uk/investment-trusts/retiring-bolton-remains-optimistic-on-china-despite-disappointment/1072886.article Anthony Bolton and his planned successor Dale Nicholls reassure investors of future opportunities in China. Mon, 17 Jun 2013 11:16 GMT http://www.fundweb.co.uk/fund-news/blackrocks-winship-de-risks-absolute-return-bond-fund/1072785.article http://www.fundweb.co.uk/fund-news/blackrocks-winship-de-risks-absolute-return-bond-fund/1072785.article BlackRock fund manager Ian Winship is actively removing risk in his BlackRock Absolute Return Bond fund after performance dipped. Mon, 17 Jun 2013 10:21 GMT http://www.fundweb.co.uk/investment-trusts/fidelitys-anthony-bolton-to-retire-in-april-2014/1072856.article http://www.fundweb.co.uk/investment-trusts/fidelitys-anthony-bolton-to-retire-in-april-2014/1072856.article Bolton will be replaced on the Fidelity China Special Situations trust by fund manager Dale Nicholls. Mon, 17 Jun 2013 08:52 GMT http://www.fundweb.co.uk/home/news/mirabaud-hires-axa-frams-narula-as-global-equity-head/1072853.article http://www.fundweb.co.uk/home/news/mirabaud-hires-axa-frams-narula-as-global-equity-head/1072853.article Mirabaud Asset Management has hired Axa Framlington’s Anu Narula to lead its global equity team. Mon, 17 Jun 2013 08:47 GMT http://www.fundweb.co.uk/fund-news/jpms-gregson-troubled-small-cap-commodity-stocks-will-win-out/1072820.article http://www.fundweb.co.uk/fund-news/jpms-gregson-troubled-small-cap-commodity-stocks-will-win-out/1072820.article The manager of the JP Morgan Natural Resources fund selects quality small commodity producers, in spite of the sector’s recent struggles. Fri, 14 Jun 2013 15:18 GMT http://www.fundweb.co.uk/alternatives/morgan-stanley-launches-uk-giants-structured-product/1072814.article http://www.fundweb.co.uk/alternatives/morgan-stanley-launches-uk-giants-structured-product/1072814.article Morgan Stanley is launching a structured product to focus on the 20 largest stocks on the FTSE 100. Fri, 14 Jun 2013 15:14 GMT http://www.fundweb.co.uk/fund-news/lowcock-three-alternative-european-managers-to-cazenoves-rice/1072821.article http://www.fundweb.co.uk/fund-news/lowcock-three-alternative-european-managers-to-cazenoves-rice/1072821.article Cazenove European fund manager Chris Rice is set to leave the asset manager in July, with Steve Cordell taking over his portfolios with immediate effect. Fri, 14 Jun 2013 15:06 GMT http://www.fundweb.co.uk/multi-manager/rathbones-coombs-shifts-equity-focus-while-covering-for-huge-selling-risk/1072779.article http://www.fundweb.co.uk/multi-manager/rathbones-coombs-shifts-equity-focus-while-covering-for-huge-selling-risk/1072779.article Rathbone’s David Coombs has switched emphasis away from high-yielding equities to focus on dividend growth. Fri, 14 Jun 2013 10:37 GMT http://www.fundweb.co.uk/fund-news/european-head-chris-rice-quits-cazenove/1072786.article http://www.fundweb.co.uk/fund-news/european-head-chris-rice-quits-cazenove/1072786.article Cazenove head of pan-European equities Chris Rice is set to depart the asset manager after more than 10 years with the company. Fri, 14 Jun 2013 10:23 GMT http://www.fundweb.co.uk/fund-news/walker-crips-sees-profits-jump-after-asset-manager-sale/1072781.article http://www.fundweb.co.uk/fund-news/walker-crips-sees-profits-jump-after-asset-manager-sale/1072781.article Walker Crips benefitted from record pre-tax profits in the last financial year, driven by the sale of its fund management business. Fri, 14 Jun 2013 09:55 GMT http://www.fundweb.co.uk/fund-news/polar-capital-sees-42-aum-jump-on-japan-inflows/1072771.article http://www.fundweb.co.uk/fund-news/polar-capital-sees-42-aum-jump-on-japan-inflows/1072771.article The amount of money managed by Polar Capital has surged by more than 40 per cent after strong inflows into its Japanese, US and healthcare funds, its latest results show. Fri, 14 Jun 2013 08:32 GMT http://www.fundweb.co.uk/fund-news/fidelitys-siddle-europe-back-to-2007-conditions/1072639.article http://www.fundweb.co.uk/fund-news/fidelitys-siddle-europe-back-to-2007-conditions/1072639.article Fidelity fund manager Matthew Siddle says Europe is starting to resemble pre-crisis conditions, but individual economies still face challenges. Thu, 13 Jun 2013 13:55 GMT