HSBC has introduced hedged sterling share classes for its recently launched absolute return vehicles - the GIF European Equity Alpha and GIF Global Emerging Markets Equity Alpha funds.

Cazenove is planning to launch an income fund for co-heads of multi-manager Marcus Brookes and Robin McDonald.

Eleven of this year's 13 IPOs are trading on a premium, including Anthony Bolton's China Special Situations fund, according to Numis Securities.

FUND MANAGER FOCUS

The FTSE 100 had a strong start to the week, up 0.71% or 39.14 points to 5,547.59, supported by news BP had permanently sealed its Gulf of Mexico oil well.

Multi-managers are boosting their exposure to Japan following the Government's moves to weaken the currency.

Henderson's Mark Harris has warned investors in fixed income funds will lose money over the next ten years.

Investec's Max King has boosted his exposure to equities on the belief negative market sentiment has peaked.

F&C will retain the £617m Commercial Property trust (FCPT) mandate following a failed takeover bid by Ignis-managed UK Commercial Property trust.

Liontrust is revamping its fund range by merging two UK portfolios and renaming its entire suite of products.