RBC Launches Advisory Program

RBC Dain Rauscher launched a fee-based non-discretionary managed account program, dubbed RBC Advisor, last month at its annual symposium in St Louis, Minn.

Seattle Advisor To Launch Eco Fund

Light Green Advisors, a Seattle-based investment advisor to several socially responsible managed accounts portfolios, is planning a registered fund that follows the firm's environmentally sensitive perspective.

JPMorgan Mulling A Merger With F&C

Two emerging fund trusts operated by subsidiaries of JPMorgan and F&C Asset Management are talking about merging their forces to produce what reportedly would be one of the largest funds in the sector, Reuters reports.

Consultant Trends Toward Boutique Names

Independent consultants, a fixture of the defined benefit business but now an increasingly large part of the subadvisory market, are leaning toward recommending small boutique firms for subadvisory mandates.

European Schemes To Use Derivatives In Property Portfolios

European pension funds are set to increasingly use derivatives in their real estate portfolios as they become more aware of disadvantages to direct property, said Nick Tyrell, director of research at JPMorgan Asset Management's European real estate team.

Credit for the masses

Faced with the declining profitability of traditional fixed income, asset managers have sought to beef up their credit teams to enable them to compete in the higher margin world of credit derivatives.

The curse of success

Hedge funds are squaring up to the fact that the next phase of their development will be more difficult, due to capacity shortages and low returns.