ICAP

FIXED INCOME

Neptune founder Robin Geffen has blamed an underweight to financials for the recent poor performance of the £922m Neptune Income fund.

SMALL CAPS

ON UK GROWTH

Francis Brooke, manager of the £428m Troy Trojan Income fund, has initiated a position in Aberdeen Asset Management as he believes the company is transforming itself into a "cashflow machine".

Recent market sell-offs have prompted Henderson's Emily Adderson to buy distressed European banking stocks after sharp share price falls.