Investec

Investec could offload Rensburg Fund Management after receiving a number of expressions of interest in the business.

Joanna Faith asks fund of fund managers to recommend their top offshore vehicles.

Investec Asset Management, which runs over $4bn in active currency funds, believes sterling is the cheapest of all major global currencies.

Investec Asset Management posted a record £4.7bn net inflow over the year to 31 March.

Investec plans to take over the remaining 52% stake in investment management firm Rensburg Sheppards for £412m.

Advisers are shunning plain vanilla equity funds investing in the developed world this ISA season, in favour of emerging market, absolute return and cautious managed strategies.

South African banking group Investec will join the ranks of the largest companies in the London market when it replaces Resolution in the FTSE 100.

Advisers are more aware than ever of structured products but education is the key to them moving from a niche player into the mainstream.

The breeze of optimism I reported in my last, post-Hogmanay, update has dwindled to the faintest puff of cheerfulness.