Odey Asset Management is drafting plans for a UCITS version of Crispin Odey's flagship European hedge fund strategy as part of a wider expansion of its range, Investment Week understands.

Japan's Nikkei 225 index has closed down 1.5% as investors took profits ahead of the conclusion of a key central bank meeting tomorrow.

Strong inflows into Aberdeen Asset Management's emerging market debt and equity ranges have helped produce a 3% rise in the group's AUM in the three months to 31 December 2012.

Former Aviva sales manager Nick Casey has joined Carmignac as the French group further strengthens its UK presence.

Legg Mason units ClearBridge Investments and Legg Mason Capital Management (LMCM) are to forge closer links by integrating business operations.

Fixed income managers are turning more positive on bank debt after regulators announced they will allow banks to hold a broader range of corporate bonds as a capital buffer.

David Palmer has joined Ashcourt Rowan as a business director within the wealth manager's asset management arm.

The US Treasury has ruled out minting a $1 trillion dollar platinum coin as a way to circumvent the need to raise its national borrowing limit next month.

Rathbone Brothers saw total funds under management rise 13.4% to £18bn in 2012 but the underlying rate of growth slowed in what it described as a "challenging" year.

The Schroders-managed West End of London property trust is seeking to raise over £100m via an AIM listing giving investors access to its Jersey-domiciled vehicle.