Headlines from the investment and financial solutions industry
Royal London Asset Management designates multi-asset head
Trevor Greetham was designated director of a multi-asset at Royal London Asset Management, a spokeswoman stated.
The role is new, and Mr. Greetham will begin in April. He will report to Piers Hillier, principal investment specialist. Greetham will oversee a team of multi-asset professionals, and his contract forms section of RLAM's desire to expand their investment abilities and techniques in the multi-asset business, a press release said.
Greetham was investment distribution director at Fidelity Worldwide Investment, in which he worked across a number of institutional and retail funds.
A spokeswoman for Fidelity confirmed Greetham's resignation and said the firm did not plan to look for a replacement.
Troy updates title of Gabrielle Boyle's Capital fund
Troy Asset Management have updated the name of Gabrielle Boyle's Troy Capital fund to showcase the worldwide equity return with the fund.
The asset manager has determined, pending FCA acceptance, to change the title of its £ 96m Troy Capital fund to the Troy Trojan Global Equity fund.
The fund strives to invest in UK and offshore stocks to acquire investment success in the long run, based on the fund's info sheet.
Since Ms Boyle was assigned with the fund in Nov 2011, the fund has handled a more global approach due to her experience in international stocks.
In the spring of 2012 the account was relocated from the IMA Flexible Investment to the IMA Global market.
Aberdeen Asset Management warns of unpredictability in Investment Sectors
Aberdeen Asset Management PLC recently stated assets under control fell a little in the first quarter of their fiscal year as fragile investor perception struck influx in December, even though it stated transfers reverted to acceptable ranges in January.
Nevertheless, they are also anticipating desire for investment products to stay unpredictable because of continued volatility in international markets.
"The recent quarter can be considered in 2 parts. October and November were reassuring with overall transfers in line with the prior quarter and capital transfers good. Nevertheless, December was an indication that investor sentiment is fragile," CEO Martin Gilbert stated.
"Since this quarter has proven, investor opinion remains fragile and we anticipate worldwide markets and demand for investment services to still be volatile. Regardless of the leading net outflow, we are earning fresh business at good price profits and we continue to be disciplined in managing costs," the company said in its prospect statement.
They repeated that the expense synergies from the incorporation of Scottish Widows Investment Partnership are likely to be above its primary expectations.