The Investment Management Association (IMA) has removed the CF JM Finn UK Portfolio fund from the UK Equity Income sector after it failed to meet yield requirements.

Invesco Perpetual's Mark Barnett is preparing a number of strategies to help preserve the performance of the group's Income funds if Neil Woodford's departure triggers outflows.

Neil Woodford was among those awarded honours by Prince William at Buckingham Palace yesterday, days after he announced his departure from Invesco Perpetual.

Edward Troughton, managing director of Alliance Trust Investments, is to leave the group to pursue another opportunity in the industry.

Jupiter has reported net inflows of £271m for the three months to 30 September, helping push AUM up by almost £850m over the period.

Gigi Chan, manager of the top performing Threadneedle China Opportunities fund, has left the group to take a career break, Investment Week can reveal.

US equity markets have leapt higher in early trading, hauling the FTSE 100 back into the black, on fresh hopes of a resolution to the US fiscal stand-off.

Richard Buxton's decision to leave Schroders for Old Mutual Global Investors (OMGI) in March has helped boost a number of UK equity funds as investors switched holdings.

Key Neil Woodford holdings including Capita and BAE Systems dropped sharply in late trading yesterday as news of the manager's 2014 departure from Invesco Perpetual filtered through.

WOODFORD EXIT