Smith & Williamson's John Anderson has been snapping up Tesco bonds as they offer "the most outstanding value he has seen for some time".

Edward Bramson's Sherborne Investors has further upped its interest in Electra Private Equity as it plans its next move following an unsuccessful attempt to take control of the trust last year.

HSBC Private Bank's Roberto Islas has joined Bordier to lead its new international desk.

Figures released this morning by the Office for National Statistics showed UK CPI inflation fell to a surprise 0.5% in December, the lowest level since May 2000. We round up the reaction from leading investors and economists.

Bill Gross has revealed for the first time that his departure from PIMCO last year was not voluntary.

A trio of AXA managers have joined Royal London Asset Management (RLAM) as the group brings in-house a £1.6bn property portfolio it has acquired since taking over the Co-operative Asset Management.

Stephen Adams, head of UK equities at Kames Capital, has been promoted to head of the group's wider equities business.

Morningstar's Edward Fane is taking a conservative and contrarian stance on the group's new real return portfolios, and is prepared to use cash tactically in times of market weakness.

The investment trusts for 2015 outperformance

Former international cricketer Douglas Lockhart has joined Tilney Bestinvest as an associate director.