Gartmore has suffered almost £2bn of net outflows so far in 2010 as the firm continues to struggle following suspension and subsequent resignation of star manager Guillaume Rambourg.

Mark Mobius' Templeton Asset Management is buying shares in Pakistan after the country's devastating floods prompted an equity sell-off.

Liontrust has suffered another quarter of net outflows after retail investors continued to exit the manager's fund range.

Bank of America could offload its 34% stake in the world's largest asset manager BlackRock.

CREDIT CRISIS: 3 YEARS ON

M&G topped UK retail fund sales for the seventh consecutive quarter in Q2, taking in more than 20% of the industry's total net sales of £5.2bn.

German GDP grew 2.2% in the second quarter, the largest gain in more than 20 years.

Keith Skeoch, the head of Standard Life Investments, has predicted the FTSE 100 will close the year at 6,000 points, 14% higher than yesterday's closing figure.

M&G's Richard Woolnough discusses what the future holds for the global economy on the third anniversary of the credit crunch.

Aberdeen's multi-manager team has boosted exposure to Europe and Asia across its equity portfolios in the past few weeks after reducing its US allocation.