Economics / Markets

JAMES Henderson is preparing to take over the management of the Henderson Strata investment trust as part of an unexpected move to restructure the portfolio.

BARONSMEAD AIM VCT is seeking shareholder approval to raise £10m in new funds.

BARCLAYS Global Investors(BGI) has launched an enhanced cash fund, the BGI Libor + Fund.

The FTSE 100 has ended the day down 22.9 points, or 0.38%, to 6,027.2, with Old Mutual leading the decline.

The FTSE 100 is down 1.6 points, or 0.03%, to 6,048.5, as miners are beginning to claw back earlier losses following the declining rate of the dollar.

BRAMDEAN Asset Management's Specialist UK Equity fund has been opened to external investors, just over a year after launch.

The FTSE 100 closed down 1.18% at 6050.1 as a big slide on Wall Street and weakness at BAE Systems on contract loss fears left just a handful of UK stocks in the black on Monday, with the leading index down at its lowest of the day.

The FTSE100 has lost less than a point to 6121.70 so far in morning trading as stocks including BHP Billiton and Kazakhmys rose after the price of copper climbed to a two-week high in Shanghai. BAE Systems has paced declining shares as the pound strengthened...

INVESTEC'S Sterling Bond fund has adopted wider investment powers under UCITS III, partly in an attempt to turn around flagging performance.

THE Hargreaves Landown Multi-Manager Cautious Managed trust has outperformed many of its competitors since launch because of its equity bias, according to fund manager Lee Gardhouse.