Midas Capital is set to offload its iimia Wealth Management division to Jardine Lloyd Thompson for £7.25m.

Stephen Message has assumed control of the £37m Old Mutual Equity Income and £25m Extra Income funds with immediate effect, replacing Michael Gifford.

Fidelity European fund manager Tim McCarron will depart the group early next year to take time away from the industry.

Property was the top selling net retail sector for the first time in over two years in October, as Corporate Bonds slumped to a net outflow.

Skandia Investment Group has awarded a further £150m mandate to Schroders' Richard Buxton.

Premier Asset Management has been forced to reshuffle management on a number of funds following the departure of CIO Paul Branigan.

Hugh Hendry's Eclectica will launch its new absolute return fund on 31 December.

London investors are still wary after last week's request by Dubai World for a six-month standstill on debt repayments raised concerns about possible default.

Fidelity International has launched two new multi-asset funds for Trevor Greetham.

Anthony Bolton has committed to at least two years running Fidelity's new China fund.