Investec Asset Management is looking to an intermediary share class for its Dublin-based liquidity f...
Investec Asset Management is looking to an intermediary share class for its Dublin-based liquidity funds as part of plans to expand the fixed-interest presence, reports this month's International Investment which is out today.
Paul Griffiths, head of global fixed-income at IAM, will manage the new share class, which is expected to contain three liquidity sub-funds and three cash-plus sub-funds, denominated in sterling, euros and dollars, to deliver short-term fixed income, money market instruments and variable rate securities as well as long-dated government and corporate debt.
Gartmore is also set to launch a global technology long-short equity fund domiciled in the Cayman Islands as the sixth fund in its AlphaGen range, continues International Investment.
Aaron Harris and Kwang Kim will manage the fund in Philadelphia, which takes minimum investments of $100,000, and makes AlphaGen part of Gartmore's eight hedge fund strategies in equities and bonds.
Friends Provident International has also launched a socially responsible Sicav aimed at overseas investors, says II.
FP Asset Managers, which is part of the Friends, Ivory & Sime Group will be responsible for the company's Responsible Engagement Overlay (REO).
All standard equity and bonds sector will be covered with registrations now cleared for business in Jersey, Guernsey, the Isle of Man, and Luxembourg.
Hong Kong and Sweden will follow at a later stage with South African expected to be approved later this year.
And as reported first on IFAonline, Equitable Life now faces compensation claims of at least £50m from overseas policyholders as the first claims of misselling have been filed with UK courts.
Over 1,200 former members have converged to sue Equitable Life for compensation sums of between £30,000 and £50,000 each, however, lawyers Class Law say they could also be taking cases from UK-based clients too.
For more on these and other stories, go to the 'Offshore News' section on IFAonline.
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