Cazenove

INVESTMENT

Cazenove has confirmed it is moving to stem flows into Julie Dean's UK Opportunities and offshore UK Equity fund as assets in the strategy approach £2.5bn.

Cazenove Capital's director of investment funds Robin Minter-Kemp is expected to exit Schroders after the two groups combine later this year, Investment Week understands.

Cazenove Capital's shareholders have approved the proposed acquisition of the business by Schroders for £424m.

JAPAN

Some bonds and bond proxies are looking overvalued, pointing to a "very visible bubble", according to Cazenove multi-manager Robin McDonald.

More than half of advisers believe pensions invested in lifestyle funds are riskier than they were twelve months ago, as a result of speculation about a bubble in the bond market.

The board of the Schroder UK Growth trust has opted to hand over the management of the trust to Cazeonove's Julie Dean, who is joining Schroders imminently.

Marcus Brookes, head of multi-manager at Cazenove, is backing Europe over the US despite the region's problems.

EUROZONE