Morgan Greenfell celebrates

Morgan Grenfell was celebrating its victory at the first Investment Week Markets Forum and Fund manager of the Year Awards, held at the Royal Albert Hall. It was praised for the quality of its funds across the board in major markets and won the unit trust of the year award. Fidelity, meanwhile, was not so proud of its recent performance. It tightened up the risk control procedures of its London-managed institutional funds in an attempt to reduce the level of fund volatility relative to benchmark indices, in light of the short-term underperformance of its emerging market Sicavs the previou...