Invesco Perpetual's William Lam is to join head of Asian equities Stuart Parks in managing the group's £600m Asian fund.

Alliance Trust has partially given way to Elliott Advisors' demands just a day before its AGM, agreeing to appoint two new non-execs to its board.

Property group Brandeaux has announced the redemption of a further 4% of investor shareholdings in its suspended student funds.

Royal London Asset Management (RLAM) fixed income manager Sajiv Vaid is to join Fidelity later this year, Investment Week can reveal.

Alliance Trust chief executive Katherine Garrett-Cox has defended her remuneration package ahead of a crucial week for the company, saying she has fully reinvested her 2014 and 2015 bonuses as a sign of "commitment".

A UK futures trader has been accused by US authorities of contributing to the 2010 'flash crash' which saw the Dow Jones plunge 600 points in five minutes.

Former F&C Thames River managers Kristof Bulkai, Patrick Cadell and Hugo Rogers are to join Liontrust Asset Management to run global portfolios.

Tesco has reported a worse than expected full-year loss of £6.4bn, after £7bn in one-off charges arising from a "very difficult" 2014 dragged it into the red.

Charles Stanley shares have climbed 3% in afternoon trading after the wealth manager announced a plan to sell Charles Stanley Financial Solutions to its management team.

Neil Woodford's Patient Capital trust has raised £800m during its offer period, a record for a London-listed investment trust.