Terry Smith's Fundsmith Emerging Equities trust invested just 15% of its portfolio in the five weeks since listing, as the manager takes a cautious approach to his first foray into emerging market investment.

Threadneedle is to close its Worldwide Select multi-manager fund, one of the range that it acquired from LV= in 2011.

Old Mutual Global Investors' Richard Buxton is considering buying Tesco for the first time in four years, as managers investigate a contrarian opportunity in the stock despite the spectre of dividend cuts.

Jupiter Asset Management's Derek Pound is to leave after 20 years of service as the group shuts its Global Energy fund, Investment Week can reveal.

Kames' ethical duo: UK’s challenger banks are meeting our criteria

Barings has hired two former Schroders managers to strengthen its investment team after multi-asset managers Andrew Cole, Percival Stanion and Shaniel Ramjee quit the group.

Chancellor George Osborne is set to rule out a sale of Lloyds Banking Group shares to retail investors before next year's general election, according to reports.

M&G has reported net retail outflows of £516m across its UK business in the first half of 2014, even as its European retail business continues to attract major interest.

Assets under management within GAM's discretionary and advisory portfolios increased for the first time in six years in the first half of 2014, the group has said.

Anthony Cross and Julian Fosh, Liontrust