The Cayenne investment trust is to set to wind up next year as co-managers Len Gayler and James Hart pursue other opportunities.

Dixons Carphone co-deputy chair John Allan is to replace Richard Broadbent as Tesco chairman, the supermarket has said.

GLI Finance is considering the launch of a trust investing in a portfolio of loans with a "high single digit" yield target.

The Gabelli Value Plus trust is to list on the London Stock Exchange on 19 February after a fundraising period described by Numis analysts as "a considerable success".

Fidelity FundsNetwork is to make Neil Woodford's Patient Capital trust the first externally-managed IT available on the platform, in what it says is a "clear intention" of more to come.

Top-performing European equity manager Oliver Kelton is to join Odey Asset Management.

Lazard is planning to merge Lloyd Whitworth and Alan Custis' £80m UK Alpha fund into its smaller UK Omega fund, subject to shareholder approval.

Jupiter Asset Management is at a "crossroads" and its profit growth may be at an artificially high level, according to Franklin Templeton's Paul Spencer.

Hargreaves Lansdown is planning a push into the asset management arena which could see it hire external fund teams and market its services to advisory businesses in future.

Ex-Legal & General director of platforms & policy Danny Wynn has joined Fidelity Worldwide Investment in the newly-created role of head of fund partners, Investment Week can reveal.