Several French asset management companies, including the long-awaited Verrazano Capital, have become the newest members of France’s Association Francaise de la Gestion Financiere (AFG).
Henderson Global Investors is raising its dividend after reporting a 58% profits jump in 2011, even with the cost of the Gartmore integration impacting results.
Henderson Global Investors has boosted its sales, marketing and client service activities with the appointment of Phil Wagstaff as global head of distribution.
Hedge fund manager Guillame Rambourg is said to be launching a Paris-based hedge fund, but French regulatory body the AMF has not yet received an application for the fund’s approval.
There has been a flurry of activity in the French hedge fund industry with an ex-Gartmore manager rumoured to be launching a $1bn Parisian hedge fund, BNP Paribas boosting its alternatives range and Axa IM poaching a hedge fund specialist from Swiss rivals EIM.
Ex-Gartmore manager Leigh Himsworth last week returned to running money with boutique group Eden Financial, following the launch of the £10m Eden UK Select Opportunities fund.
SLI appoints three fund selectors, LGIM recruits head of global rates from Aberdeen, Investec hires clean power adviser, Mercer recruits retirement specialist from rival, Towers Watson merges investment research teams.
Former Gartmore fund managers Dan Roberts and Leigh Himsworth are returning to the UK market with boutique wealth manager Eden Financial.
Henderson Global Investors is to merge the three Gartmore Multi-Manager funds run by Tony Lanning and Bill McQuaker into its own range as part of an overhaul of its offering.
Babson Capital Europe, one of the largest fund managers of sub-investment grade credit in Europe, has appointed Kam Tugnait as a managing director.
Dalton Strategic Partnership (DSP) has appointed Peter Buxton as a partner with responsibility for the distribution of Melchior Funds into the Nordic markets.