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Reports claim fund charges 'exceed returns'

Two reports into fund management have slammed the charges that managers apply to their funds, claiming they often exceed the funds’ returns.

Gilbert: sought to establish a high quality alternatives platform

Aberdeen’s gain ‘opportunism’

Analysts have claimed Aberdeen Asset Management’s £84.7m acquisition of the Royal Bank of Scotland’s (RBS) fund arm is nothing more than opportunism.

Fear of double-dip recession lessens

Confidence is returning to the investment market just over a year after the onset of the financial crisis, according to Bank of America (BoA) Merrill Lynch.

Friends’ fitness test...

As Friends Provident prepares for life as part of Resolution, the company’s interim financial report shows the recession has taken its toll.

Clarke: looking for growth areas

Change of focus for Hermes

The BT Pension Fund is to cut back its use of Hermes Fund Managers to just 50% of assets by next year.

BlackRock deal will boost ETFs at BGI

BlackRock’s $13.5bn (£8.2bn) merger with Barclay’s Global Investors (BGI) could significantly enhance the latter’s exc-hange traded funds (ETFs) business, experts have predicted.

Hedge fund body deflects blame

The Hedge Fund Standards Board (HFSB) has hit out at recent negative press coverage of the industry following the financial crisis.

Jersey: not a ‘cause for concern’

Jersey firm defends tax system

A leading offshore finance firm has hit out at what it sees as unnecessary criticism of countries or dependencies offering ‘tax neutral’ services.

NB Group buys asset arm of Lehman Bros

Asset management firm Neuberger Berman Group (NB Group) has purchased the asset management arm of Lehman Brothers, which will now be known as Neuberger Berman Europe.

AGOL remains positive despite wind-up vote

Ashmore Global Opportunities Limited (AGOL) is a “healthy fund with no underlying problems”, according to its parent company, despite the board holding a shareholder vote on winding up the fund.

Possible sell-off for BGI

Barclays is rumoured to be in talks to sell its asset management arm, Barclays Global Investors (BGI).

PIPA 2009: winners announced

The winners of the Pensions and Investment Provider Awards 2009 were announced last night at a gala event hosted by comedian and broadcaster Mark Dolan.

Saunders: backing the M&G fund

Schemes provide lending boost

The UK’s biggest pension funds have agreed to kick-start lending to firms unable to gain sufficient bank loans in the credit crunch.

Industry split on default investment debate

The debate over whether lifestyling is a more effective investment and derisking tool than target-dated funds continues to divide industry opinion.

Trustees should question firms more to avoid another banking situation

Funds demand firms take more responsibility

Demand for shareholder engagement services have soared over concerns that organisations such as the National Association of Pension Funds (NAPF) did not do enough to prevent corporate excess.

Vanguard advances into UK market

Vanguard, one of the world’s largest investment houses and a major player in US 401k market, is launching a UK funds business.

Investors’ priority is to reduce base and performance-related asset fees

Pension schemes are eager to reduce hedge fund and fund-of-hedge fund fees, according to research from Bfinance, the independent consulting firm.

Henderson to acquire New Star: latest

Henderson Group has confirmed further details of its proposed acquisition of New Star Asset Management.

Standard Life pledges to remediate Sterling fund sufferers

Standard Life is to remediate certain customers of its Sterling Pension Fund following its announcement that the value of the fund had dropped by 5%.

Advisers are set to gain from credit crunch

Advisers are set to gain from the credit crunch, according to research from Axa.

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