Henderson

Henderson Global Investors has reopened its UK Absolute Return strategy, managed by ex-Gartmore duo Luke Newman and Ben Wallace, Investment Week can reveal.

Henderson's Alex Crooke, manager of the £647m Bankers investment trust, has sold out of UK recovery plays as he does not expect this part of the market to deliver for a number of years.

INCOME

Henderson is to scrap the yield target on two of its multi-manager funds due to "dramatic changes" in the income environment", Investment Week can reveal.

Fund closures and mergers in the UK have soared to a record high in the past six months as groups cull smaller or underperforming funds amid pressure on margins.

ETHICAL

The Association of Investment Companies (AIC) has named the top 20 performing and most consistent investment companies over the past decade.

F&C Investments' Jeremy Tigue has taken UK exposure in his £2.6bn Foreign & Colonial investment trust to a 30-year low on fears the UK is lagging behind other markets in the dividend stakes.

Q&A

Kira Nickerson discovers that some fund managers are beginning to re-examine this previously unpopular asset class.