Jane Tufnell, the co-founder of Ruffer Investment Management, has been appointed to the board of specialist fund manager GVQ Investment Management.

Hargreaves Lansdown has agreed to acquire £370m of assets from J.P. Morgan Asset Management for an undisclosed amount, as the latter ceases to offer certain direct investments to individual clients.

The FTSE 100 has opened lower once again after US markets suffered their worst one day drop so far this year on continued concerns over a Greek default.

Schroders has strengthened its multi-asset team with the hire of Ashley Lester from MSCI as global head of research.

Where is the 'Achilles' heel' for the challengers?

UK wealth management firms would see more benefit from an interest rate rise than any other companies in the financial sector, according to research from Liberum Capital.

Turning risk upside down

Beating the US market will remain a challenge for active managers until the Federal Reserve's policy on interest rates is clear, according to RWC's Mike Corcell, manager of the long/short US Absolute Alpha fund.

Heartwood Investment Management has hired Marian Black from Baring Asset Management to head up its investment marketing.

Charles Stanley has promoted head of digital marketing and communications Magnus Wheatley to managing director of its D2C business Charles Stanley Direct.