Gold suffered largest drop in sentiment

Janus manager has success with bund trade

City Financial is to acquire the multi-asset range of Investec Wealth & Investment, bringing a further £204m in assets to the company.

As Richard Buxton becomes chief executive of Old Mutual Global Investors, Investment Week asks fund buyers whether he can combine the role with the management of his £2.3bn Old Mutual UK Alpha fund.

Richard Buxton is to become the chief executive of Old Mutual Global Investors as Julian Ide steps down after four years.

Crispin Odey is among hedge fund managers shorting Aberdeen Asset Management's stock on fears the latest £9.9bn outflows reported by the company spell further trouble ahead.

Fixed income managers have expressed concerns over a new initiative to boost shrinking liquidity in bond markets, fearing the inclusion of 15 banks will cause price swings in the market.

Old Mutual Global Investors' head of equities Richard Buxton has begun buying back into oil companies to take advantage of the undervalued mega caps.

Sanlam Wealth Planning, the restricted advice arm of Sanlam UK, has acquired financial planning firm FA Watts Investment Managers.

GAM has acquired the $1.2bn real estate finance arm of London-based asset manager Renshaw Bay as it seeks to broaden its business.