F&C's Ted Scott has retired from F&C after a 30-year career at the firm.

Multi-asset managers are using setbacks such as that caused last week by unrest in Ukraine to increase their exposure to buoyant markets.

Shares in Schroders and Aviva jumped sharply today after strong full-year results from both firms, helping to keep the FTSE 100 ahead.

Henderson Global Investors' head of global property equities Patrick Sumner is to retire in June after 17 years at the group.

The Nikkei index climbed to a five-week high overnight as a weak yen - and positive pensions news - provided a boost for shares.

FUND MANAGER FOCUS

City Financial's multi-asset fund manager Tony Yousefian has left the firm after less than a year, Investment Week understands.

First State has launched a local currency emerging market debt fund following the dramatic sell-off in the sector seen at the start of the year.

Russia's benchmark Micex index has fallen over 10% in response to geopolitical tensions in Ukraine, with the country's central bank hiking rates in a bid to prop up the rouble.

A concentration of flows among an increasingly small pool of funds is prompting buyers to turn away from the biggest players due to fears over performance, liquidity and communication.