Legg Mason has wound up its £7m Continental European Equity fund following a run of poor performance, as it continues with the restructure of its US business.

Aviva Investors is preparing to launch a range of three new funds to rival SLI's GARS strategy, under the leadership of new CEO Euan Munro.

Fund selectors are buying into asset-backed securities, labelling them one of the few remaining value trades in fixed income investing amid moves by the European Central Bank to support the sector.

Neuberger Berman is to launch a European High Yield bond fund for recent hire Andrew Wilmont, as it bids to replicate the success of its $13bn (£8bn) US offering.

Fund groups are set to come under fresh pricing pressure ahead of the ‘death' of AMCs, JP Morgan Asset Management's Jasper Berens has said.

Chancellor George Osborne broke the Treasury's own rules when introducing the Help to Buy scheme, according to a report by the House of Commons public accounts committee.

The smallest discretionary fund managers in the UK market could be vulnerable to a fresh wave of takeovers by larger rivals, new research has suggested.

Novia's profits rose sharply last year after the group received a boost from the sale of its Novia Investment Services arm to Aegon.

Brooks Macdonald is planning a ‘substantial' fee cut for its discretionary fund management service, which could see its headline charge fall by up to 30%.

Renewable energy investment trusts are facing a shake-up as the government attempts to rein in spending on subsidies for solar development.