Global

VERITAS Asset Management is to soft close its $722m Asian fund, run by Ezra Sun and his team.

PSIGMA Asset Management is set to launch a US Growth fund headed by former Credit Suisse manager, James Abate.

GAM has expanded its Star fund range after unveiling a new China fund.

THE Allianz RCM US Equity fund has been awarded an ‘AA' rating by Standard & Poor's.

THE US remains a "powerhouse of innovation" populated by good companies on relatively cheap valuations, which could make it the surprise market of this year and into 2008, according to Felix Wintle, manager of Neptune US Opportunities.

STANLIB, the asset management arm of Standard Bank, has launched two African funds, which will initially be sold through multi-managers, hedge funds and high net worth investors.

WINTERTHUR has combined forces with Allianz Global Investors to launch the Winterthur Allianz RCM BRIC Stars fund, providing access to investment opportunities in the BRIC economies - Brazil, Russia, India and China - while maintaining a balanced exposure...

THE Close Investments Far East Equity Fund is focusing on growth and is heavily influenced by the China story, following the replacement of Jade Absolute Fund Managers with UOBAM as investment adviser to the fund on 1 June.

THREADNEEDLE is set to expand its equity income proposition after unveiling a new Global Equity Income fund targeting a yield of 4pc.

Forsyth-OBSR has pulled it's A rating from the Gartmore US Opportunities fund following the exits of co-managers Gil Knight and Chris Baggini.