Axa Framlington

AXA Framlington American Growth managers Stephen Kelly and Dan Harlow have cut their position in Apple after growing concerned over margin pressures at the world's largest tech firm.

Former AXA Framlington Biotechnology fund manager Andy Smith has joined biopharma specialist Mann Bioinvest to launch an income-focused fund in the coming weeks.

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GILT SELL-OFF

A "post, post-industrial society" is helping businesses adapt to an environment of low growth and distressed global trade, according to Nigel Thomas, manager of the £3.2bn AXA Framlington UK Select Opportunities fund.

The growing number of off-exchange trading platforms is changing the way fund managers buy and sell shares, according to Nigel Thomas, manager of the £3.3bn AXA Framlington UK Select Opportunities fund.

Kames Capital's Stephen Adams, head of UK equities and manager of the group's £398m UK Equity fund, has bought a 2% stake in retailer Tesco in anticipation of a re-rating over the coming months.

Former Axa Framlington Japan fund manager Anja Balfour has joined the £248m Martin Currie Pacific trust, in a non-executive director role.

AXA Framlington's Nigel Thomas was awarded the outstanding contribution to fund management at Investment Week's Fund Manager of the Year Awards this month after almost 30 years in the industry.

Equity markets around the world have struggled to make headway this year, with many major indices giving up gains made early on to leave them standing flat or down for 2012.