Jupiter's Philip Gibbs has taken a net short position on UK domestic stocks, on concerns about the rising deficit and fears of escalating gilt yields.

Royal London Asset Management net inflows fell 20% to £589m over the 12 months to 31 December last year.

Skandia Investment Group has made a number of manager changes across its Best Ideas fund range.

Jupiter multi-manager head John Chatfeild-Roberts has taken over the group's CIO role from Edward Bonham Carter.

Investec Asset Management's AUM has risen to an all-time high of £41bn after a record £3.7bn net inflow in the nine months to end December 2009.

The IMA has changed its Global Emerging Markets sector definition, which will now be based on FTSE or MSCI GEMs indices rather than World Bank definitions.

GLG Partners is set to roll out a Ucits III version of the group's flagship long/short UK Alternative fund.

Former head of Fidelity FundsNetwork David Dalton-Brown has joined Barclays Wealth to lead its funds division.

Legal & General Investment Management and Neptune have criticised Cadbury management over Kraft's agreed takeover bid, saying the 850p per share deal undervalues the confectioner.

Fund managers have backed Cadbury's decision to accept Kraft's new increased bid for the confectioner.