IMA

The Absolute Return sector - soon to be renamed Targeted Absolute Return - has often divided investors, particularly during down markets when some funds have failed to deliver a positive return.

Marlborough's top-performing fund manager Giles Hargreave has admitted it will be difficult for UK small-cap equities to replicate their 2012 performance this year.

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Some of the largest funds in the IMA Global Emerging Markets and Asia Pacific ex Japan sectors have significantly increased exposure to Indian equities over 12 months to the end of January.

Fund groups have renewed their calls for sub-divisions within the Absolute Return peer group, after the IMA revealed its long-awaited review of the sector last week.

Graham Glass has joined City Financial to spearhead the group's fixed income operations, as the firm looks to build up its product range in this area.

Sanlam's top-performing financials manager Kokkie Kooyman has warned investors they should be wary of owning companies which are highly correlated to equity markets ahead of an expected correction.

The Investment Management Association (IMA) will rename the Absolute Return sector as the Targeted Absolute Return sector as it completes a long-awaited review of the space, Investment Week can reveal.

Thomas Becket, chief investment officer at Psigma Investment Management, has been selling down his exposure to high yield credit, taking the view the asset class is now priced for perfection.

James Henderson has criticised the Investment Management Association (IMA)'s review of the UK Equity Income sector, ahead of the potential ejection of his top performing fund later this year.