Allianz

Damaged by the Georgia conflict, Russia's stock market has lost almost a third of its value in the last two months, according to Michael Konstantinov, manager of the Allianz RCM BRIC Stars fund.

RCM, the global equity company of Allianz Global Investors, has appointed Guido Stiel to join the team which manages the Allianz RCM BRIC Stars Fund.

Allianz Alternative Asset Investment is set to launch its new fund of hedge funds investment company, Peletier Absolute Limited.

Scottish Widows' life insurance business could be shipped off to Allianz under a plan by Lloyds TSB to snap up German bank Dresdner.

New Star Asset Management has poached well-known managers Trevor Green, from Allianz RCM, and Barings' Charles Deptford to work on its UK equity desk.

Allianz Global Investors will go on a nationwide tour next month to promote its RCM BRIC Stars fund.

James Hay has added the Martin Currie North American Alpha and Allianz RCM Eco Trends funds to its wrap and SIPP platforms.

Advisers now have access to the Allianz RCM Global EcoTrends fund through seven platforms.

The RCM Technology trust is currently holding higher levels of cash in preparation for opportunities created by further market falls.

Allianz is hoping its new RCM Global EcoTrends fund can ‘clean up' as tighter regulation controls drive prospects in global environmental solutions.