IMA

SPECIAL REPORT: UK EQUITIES

For the fund management industry, 2013 has sometimes seemed like a case of another week, another acquisition.

J.P. Morgan Asset Management (JPMAM) has hired the head of Bank of America Merrill Lynch's global equity sales desk as co-manager on its £86m Global Equity Income fund.

THE BIG INTERVIEW

Shell and HSBC are favourite ideas in £2.7bn Investec fund as gains lag wider market.

Investment Week's deputy news editor Dan Jones took the top prize at the prestigious Investment Management Association (IMA) awards last night.

Charles Hepworth, investment director in charge of the DFM proposition at GAM, is selling his stake in Standard Life Investments' Global Absolute Return Strategies (GARS) fund on size concerns.

European equity funds focusing on value stocks have posted almost double the returns of their growth-oriented rivals this year, as cyclical companies and the European periphery outperform quality growth plays.

The £5.3bn Findlay Park American fund is set to cut performance and exit fees as it shifts to a total return benchmark index.

Last month, quarterly retail fund sales reached a peak not seen since 2011, according to the latest figures released by the Investment Management Association (IMA).