Fund groups should focus more attention on the need for active UK equity funds that are overweight large caps, according to Andrew Summers, head of fund research at Investec Wealth & Investment.

Does the renewed focus on ‘active share' (AS) represent a step forward for fund disclosure or simply a PR victory? The jury is still out.

Aberdeen Asset Management may be among the bidders for Russell Investment Management, the $260bn asset manager put on the block by London Stock Exchange Group, according to analysts at Numis.

Woodford Investment Management (WIM) is seeking to raise an initial £200m for the launch of the Woodford Patient Capital investment trust, a portfolio of 50-100 quoted and unquoted businesses.

Research firm FundCalibre has ranked Unicorn as the top-performing equity house of the past five years, with Old Mutual Global Investors (OMGI) topping a ranking of generalist managers.

A rise in global M&A activity could offer investors a new source of diversification in future, according to Franklin Templeton's David Saunders.

The Investment Association (IA) has set out plans to identify a 'primary' share class for the purpose of comparing fund performance, as the number available to investors multiplies rapidly post-RDR.

After several years of strong growth, Hargreaves Lansdown has reported a drop in pre-tax profits for the last six months of 2014 as the impact of clean pricing offset a further rise in assets.

European rules requiring greater disclosure of portfolio costs could apply to fund managers sooner than expected if regulators decide to clear up inconsistencies in existing sets of proposals.

Consumer staples have returned to the top of UK equity managers' agenda as later-than-expected rate hikes reignite the debate over the outlook for the sector.