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

Liontrust shares have dropped sharply after CEO John Ions sold down more of his stake in the company.

US treasury yields have fallen to their lowest level since last summer as concerns over Iraq and Ukraine spur a fresh flight to safety.

Japan shifts from arrows to acupuncture

Legal & General is to roll out an expanded D2C platform offering by the end of 2014 as it seeks to complement Cofunds with an enhanced direct service.

The Financial Conduct Authority (FCA) is to restrict firms from selling contingent convertible securities (CoCos) to retail investors as of 1 October in the first use of its new consumer protection powers.

Invesco Perpetual has hired Danielle Singer from UBS to become the eighth member of its multi-asset team.

Liontrust chief executive John Ions has sold shares in the company for a total consideration of £486,750, according to regulatory filings.

Threadneedle has launched a Global Multi Asset Income fund, to be managed by Toby Nangle, as it seeks to provide an alternative vehicle for retirement assets.