Managed solutions

MULTI-ASSET

EU proposals to limit fund manager bonuses have been met by a withering reaction from the asset management industry.

Retail investors should be able to access less liquid investment strategies so they can benefit from longer-term investment decisions, according to new RWC Partners CEO Dan Mannix.

Miton Group - Gervais Williams' fund management company - has announced plans to launch a range of UK equity funds after a positive year for the group which saw assets climb towards £2bn.

Major indices across Europe fell in early trading on Monday as investors were spooked by Cyprus's decision to impose an unprecedented bank levy on deposits held in the country.

BUY, SELL, HOLD?

The annual management charge on Anthony Bolton's Fidelity China Special Situations investment trust will be cut from 1.5% to 1.2% from 1 April 2013.

Income is the dominant theme among investors at the moment, with the focus on UK equity income spreading to other areas including Asia and emerging markets, according to Adrian Lowcock, senior investment manager at Hargreaves Lansdown.

Old Mutual Global Investors has confirmed it has hired Schroders star Richard Buxton as its new head of UK equities.

Underlying pre-tax profit at F&C rose 11% to £52.4m in 2012 as the group's 18 month restructuring programme drew to a close.