Investment trust analysts have called for the merger of two of Mark Barnett's trusts after it was announced the manager would take on the running of the £1.1bn Edinburgh portfolio.

Fewer than one in eight managers running both open- and closed-ended funds have outperformed in their open-ended portfolios, Investment Week analysis shows.

J.P. Morgan Asset Management is to launch an onshore version of its Luxembourg-domiciled America Equity fund, making the OEIC available to UK investors from 31 January.

M&G's Mike Riddell has questioned the sharp rise of China's investment to GDP ratio, comparing the figure with former bubble countries including Iceland and Asian countries during the 1997 crisis.

D2C platform Charles Stanley Direct reported a net revenue increase of just £3,000 in 2013, blaming rising industry costs, but the wealth manager saw revenues jump 18% overall as AUM hit a record £20bn.

SEI has appointed former Cofunds and Skandia CEO Brett Williams as managing director of its private bank platform, SEI Wealth.

The Association of Investment Companies has elected J.P. Morgan Asset Management's head of trusts Simon Crinage to its board.

Scammers have cloned advice firm Chelsea Financial Services and are operating under the name Chelsea Financial, the Financial Conduct Authority (FCA) has warned.

THE BIG INTERVIEW

Wealth managers are positioning clients' portfolios cautiously this quarter amid expectations of a setback for equity markets, despite growing appetite for risk among investors.