threadneedle

Polar Capital is to launch a North American equity fund for ex-Threadneedle duo Andrew Holliman and Richard Wilson, mirroring the successful offering they managed at their former employer.

AN EVENTFUL WEEK

Chaos in markets across the globe this week following heavy sell-offs prompted some commentators to warn of a new credit crunch, and left investors desperately seeking safe assets.

Threadneedle's Philip Dicken says a bleak European outlook is is cause for caution, but not excessive negativity.

Principal Investment Management's latest income study has suggested investors should switch out of Carl Stick's £481m Rathbone Income fund and Nick Kirrage and Kevin Murphy's £1.3bn Schroder Income fund as performance deteriorates.

US investors sheltering in cash as politicians grapple with the debt crisis are set to reinvest during a short-term correction they said could see equities sell off as much as 10%.

Diane Sobin has joined Threadneedle as a fund manager on the US equity desk, following the departure of Andrew Holliman to Polar Capital in May.

Threadneedle manager attributes strong performance of Equity & Bond fund to Asia and emerging market holdings and focus on volatility.

Threadneedle is planning to launch an absolute return bond fund for head of fixed income Jim Cielinski.

Barings' Toby Nangle has joined Threadneedle as head of multi-asset.