Hiring two investment managers
Hawksmoor manager Richard Scott has opened a position in Alliance Trust on his Vanbrugh fund following the trust's public spat with Elliott Advisors.
Investors are moving out of frontier markets and in to global emerging market vehicles, including BRIC funds, to capture a reversal in their fortunes.
Wealth managers have been reducing allocation to equities in favour of convertible bonds as a hedge against volatility, following a strong run higher for equity markets.
Discretionary investment manager Hawksmoor Investment Management is considering the launch of a split capital investment trust later this year, following the sweeping changes to UK pension rules.