Standard Life Investments has moved to stop smaller platform investors from accessing its Global Absolute Return Strategies (GARS) fund's cheaper institutional share class by closing a loophole that waived the minimum investment.

The managers of the £3bn Scottish Mortgage investment trust have added a number of idiosyncratic stocks to their portfolio in the belief that 'safer' companies could be set for a fall.

Hargreaves Lansdown is to unveil its long-awaited unbundled pricing model on 15 January.

The Association of Investment Companies (AIC) has changed the name of five of its sectors, bringing them into line with comparable sectors in the Investment Management Association's (IMA) universe.

J.P. Morgan Asset Management has introduced individual lead managers on three UK equity funds previously run by a single team.

Charles Stanley Direct has cut its share dealing rate by 25% to £7.50 per trade for the whole of January, in a bid to encourage clients to annually rebalance their portfolios.

PIMCO's $244bn Total Return fund made its first annual loss since 1999 last year, as the sell-off in US treasuries and other fixed income asset classes took its toll.

J.P. Morgan Asset Management has hired Andrew Larkin, formerly head of strategic partnerships at Neptune, as it refocuses its sales team on its most important clients.

The FTSE 100 climbed in early trading in line with other major equity markets as the US Federal Reserve moved to taper its bond buying programme.

Old Mutual Global Investors has moved Simon Murphy's £40m UK Opportunities fund to the IMA Targeted Absolute Return sector after merging its offshore and onshore versions.