Jerry Devlin, former head of sales at Barings and liquidated firm Castlestone, has joined Macquarie.

Skandia Investment Group (SIG) has removed J.P. Morgan from its $350m Skandia Global Equity fund, handing the mandate to Five Oceans Asset Management.

The UK will lose its AAA credit rating by December, MAM Funds' Simon Callow has said, after Fitch became the second ratings agency to place the economy on negative watch.

MAM Funds is introducing a non-trail commission share class across its fund range ahead of the Retail Distribution Review.

THE KAY REVIEW

Wealth manager Brooks Macdonald Group saw pre-tax profits jump by one-third in the second half of last year, and has hiked its dividend.

M&G saw its net inflows halve in 2011, while operating profits jumped 26% over the year, its results revealed.

Schroders' corporate bond manager Adam Cordery expects fund managers will typically hold an average 10% in cash in the future, as liquidity in the market dries up.

Liontrust Asset Management is to acquire Walker Crips Asset Managers (WCAM) in a £12m deal.

Schroders' Asian Alpha Plus fund manager explains why he is not ready to go ‘hell for leather' on China, warning the economy faces challenges to shift to a domestic growth model.