ON S&P'S DOWNGRADE OF JAPAN

Eclectica has changed the parameters of Hugh Hendry's £24m Absolute Macro fund, allowing him to make more aggressive bets.

Gervais William's first launch through MAM Funds in his new role as managing director has met its capital raising target of £50m.

Chancellor George Osborne said he believes the UK economy is "roughly in the right place" ahead of the publication of Q1 GDP figures this morning, as economists predict growth will come in below forecasts.

SWIP's investment director of aggregate bonds Sebastian Mackay has left the firm to pursue other opportunities in the industry.

Legg Mason's US equity veteran Bill Miller said US large caps have become "an empty stadium" as investors flock to the "overvalued" commodities sector.

BP ONE YEAR ON

Hannah Smith checks in with Spike Hughes, Insynergy founder, three years after the group's inception

David Jane is preparing to roll out the first offering from his new boutique, Darwin Investment Managers, and is making plans for a second absolute-return focused product later this year.

Former Schroders head of UK retail sales Neil Bridge is joining MAM Funds as head of business development on 4 May.