UK equity income stalwarts Clive Beagles and Francis Brooke are bucking the trend and keeping hold of their Verizon shares following the completion of the Vodafone/Verizon transaction.

AXA Investment Managers took in €12bn (£10.2bn) in net flows last year, well up on the €3bn taken in 2012, thanks to Framlington and its fixed income teams.

Brooks Macdonald has reported a 16% increase in interim pre-tax profit as assets under management near the £6bn mark.

The Witan Investment trust has said it will continue to invest in funds which charge performance fees as it revealed a strong set of results for 2013.

M&G has reported net outflows of £700m from its UK retail business for 2013 after slowing flows into some of its most popular funds.

FUND MANAGER FOCUS

Suggestions 2013-2014 has seen the return of a stockpickers' equity market are "rubbish", according to Threadneedle head of UK equities Simon Brazier.

Investec Asset Management's plans to launch preferentially priced share classes for key distributors have been thrown into doubt after the country's largest D2C platforms revealed no evidence of such deals.

Mark Williams, manager of the Liontrust Asia Income fund, assesses two major events in China which coincided with the fund's second anniversary last week.

Multi-manager Tony Yousefian is to join Charteris Treasury Portfolio Managers following his exit from City Financial.