Levels of liquidity in the UK mid and small-cap space are again under scrutiny following Schroders' decision to overhaul two funds to guard against the problem.

Former Odey chief executive David Stewart has joined the board of Hargreave Hale as a non-executive director.

Troy Asset Management has renamed its Trojan Capital fund to reflect the portfolio's increasingly global remit.

Hedge fund Elliott Advisors has said it is "surprised and disappointed" by Alliance Trust's response to its proposals for a shake-up of the trust's board.

F&C is to launch an ex-UK version of its offshore European smaller companies fund for Sam Cosh.

Which way will the economy go?

The number of platforms targeting advisory firms is likely to halve after 2017, according to Standard Life's David Tiller.

Further yen weakness has helped Japan's Nikkei 225 index pass the 19,000 mark for the first time since 2000.

The Investment Association's plans to reorganise the Unclassified sector may lead to advisers reaching "dubious conclusions" on funds, according to Old Mutual Global Investors' John Ventre.

The Upper Tribunal has upheld a Financial Conduct Authority decision to fine a fund manager £89,000 for not doing more to prevent a client from committing market abuse.