GARS

Invesco Perpetual is hoping to match the success of its £15bn fixed income range with the launch of its upcoming multi-asset arm, following the hire of three managers from Standard Life Investments' GARS team.

Operating profits at Standard Life UK rose by more than 60% in the first half of the year compared to the same period in 2011, driven by an increase in fee revenues and lower acquisition costs.

CONTRARIAN

ABSOLUTE RETURNS

FUND MANAGER FOCUS

CURRENCIES

Kevin McConnell, manager of Bloxham's outperforming Midas Global Absolute Return fund, has warned many of the UK's absolute return vehicles are too correlated to equity markets.