Latest News
RCM appoints international product specialist
RCM, the global equity company of Allianz Global Investors, has today announced the appointment of Jacqueline de Sanctis to the new position of Director, International Product Specialist.
Jacqueline will be based in San Francisco and will be responsible for representing in the U.S. RCM's suite of International Equity products managed out of Europe and Asia.
18/08/2008 More
RCM expands Global Emerging Markets team
RCM, the global equity company of Allianz Global Investors, has today announced the appointment of Guido Stiel as Director and Senior Portfolio Manager of emerging market equities.
05/08/2008 More
Cambridgeshire County Council awards RCM £140m Global Equity High Alpha mandate
Cambridgeshire County Council Pension Fund have awarded RCM, the specialist global equity company within Allianz Global Investors, a £140m global equity mandate. The appointment follows a manager selection exercise conducted by investment consultant Hymans Robertson. The mandate is to be managed by Lucy Macdonald, CIO for Global Equities, in accordance with RCM’s Global High Alpha strategy, targeting out-performance of MSCI World Index +3-4%. New assets into the strategy now total £1.8bn since the start of the financial year1.
01/08/2008 More
Growth in new technology buoying sector
• Research1 shows many investors fail to think about the new technology areas when weighing up their technology sector allocations
• New technology at the forefront of solving many current global challenges
• Strong demand for higher value-added products, including smart phones
30/07/2008 More
RCM awarded £210 million mandate by Hertfordshire County Council
RCM, the specialist global equity company within Allianz Global Investors, has been appointed by Hertfordshire County Council to run a global equity mandate valued at £210 million. The mandate will be managed by RCM's Global Equity team in London, which is led by Lucy MacDonald, Chief Investment Officer for Global Equities.
RCM is one of three new global equity investment managers on the contract, which totals £600 million. Hertfordshire County Council also retained one of their previous global equity managers.
26/06/2008 More
RCM awarded two mandates totalling over £250m
. Sun Life Financial of Canada appoints RCM to run two Global High Alpha mandates
RCM, the specialist global equity company within Allianz Global Investors, has been appointed by Sun Life Financial of Canada to run two Global High Alpha mandates totaling £256.6 million. The mandates will be managed by RCM's Global Equity team in London, which is led by Lucy MacDonald, Chief Investment Officer for Global Equities.
18/06/2008 More
"RCM Technology Trust finds value in selected technology stocks"
• Consumer technology stocks proving resilient
• Demand for IT services being supported by Chinese demand
• Trust returned 5.74%1 since appointment of new manager one year ago
• Short-term outlook is positive, we believe, with stronger returns expected in the second half of the year
Despite volatile market conditions and fears of a US recession Walter Price, Manager of the RCM Technology Trust, is finding plenty of opportunities in the technology sector.
06/05/2008 More
Neil Dwane comments on the Bank of England’s debt market plan and Royal Bank of Scotland’s (RBS) rights issue
“A Faustian bargain has clearly been struck in the USA and the UK. No more forced bankrupt takeovers or nationalisations and nearly all the liquidity you need, but existing shareholders must suffer through dilutive rights issues and dividend cuts.
“Since last summer, we have lived with the triple axes of deleveraging, constraints on capital after the boom of balance sheet expansion, and a liquidity crisis. Slowly politicians, regulators and now banks are prepared to face the necessary solutions. Deleveraging must occur and keep occurring as most financials are ludicrously leveraged. However, the markets need an orderly process; hence we now see more use of mark-to-myth Level 3 assets in the USA and a common recognition that the ABX and ITRAXX indices are overreflecting the level of ultimate bad debts. Constraints on capital remain powerful and after many burnt fingers at several of the sovereign wealth funds, management now realise that there is not a quick fix and that the old uber-leveraged balance sheet model needs more capital. To facilitate both objectives, the markets need liquidity, something that the ECB recognised on day 1 but which the US Federal Reserve and yesterday the Bank of England reacted to, as well.
23/04/2008 More
RCM appoints Peter Ames to Investment Trust team
RCM (UK) Ltd, a specialist global equity company of Allianz Global Investors, is pleased to announce the appointment of Peter Ames as a Director in its Investment Trust team.
17/04/2008 More
Neil Dwane comments on Bear Stearns' collapse, the wider implications for the investment banks and the financial sector as well as the long term consequences
“What is genuinely terrifying for financial markets is the power of market rumour. Despite being widely quoted in the press and media as saying that they had adequate liquidity and funding, in the space of some 48 hours, many counterparties withdrew their lines of commitment with Bear Stearns, so that by the morning of Friday 14th March, Bear Stearns did have a liquidity and a solvency issue.
18/03/2008 More
RCM awarded US$70m Global Equity mandate by Arcus
RCM, the specialist global equity company within Allianz Global Investors, has been appointed by Arcus Investment Management (a subsidiary of AXA New Zealand) to run a US$70m Global Equity mandate. The mandate will be managed by RCM's Global Equity team in London, which is led by Lucy Macdonald, Chief Investment Officer for Global Equities.
25/03/2008 More
"Market falls will create buying opportunities", says manager of RCM Technology Trust
• Net asset value per ordinary share up 15.3% compared with benchmark return of 7.3%1
• Trust holding more cash to take advantage of anticipated price falls
• Prospects look bright for consumer-related technology, solar power and Chinese internet stocks
• Corporate activity will increase in technology sector
18/02/2008 More
Charter European Trust outperforms as it hits its 100th anniversary
• Concentrated portfolio and flexible stock picking strategy proves successful
• Net Asset Value per share up 18.2% compared with benchmark return of 14.4%1
• Top performing investment trust in AIC Europe sector for year ended 30th November 20072
• Careful stock selection remains key in 2008 as well as emphasis on growth shares
06/02/2008 More
Brunner outperforms with exposure to UK mining and engineering, and emerging markets stocks
• Brunner Investment Trust’s net asset value per share up 15.6% compared with the benchmark return of 6.3% in the financial year to end November 20071
• Net dividends up by 10.3%1
• Trust benefits from strong performance from UK mining and engineering companies, and emerging market stocks
• Growth shares predicted to outperform value shares in 2008
• Proposed change in benchmark to 50% FTSE All Share and 50% FTSE World Index ex UK
29/01/2008 More
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