Schroders has posted record results for 2014, with inflows of £25bn pushing the group's total assets under management to the £300bn mark.

US stock markets followed in the footsteps of the FTSE 100 on Monday, with the Nasdaq reaching its highest level for almost 15 years.

Rob Burnett's decision to retain a contrarian position to peripheral banks in his Neptune European Opportunities fund has dragged on performance in recent years.

Jupiter Fund Management's CEO Maarten Slendebroek has moved to reassure investors in its Merlin range that performance is bouncing back following a tough spell for some of the funds.

HSBC's senior executives have apologised to a committee of MPs for the failings in its Swiss private banking arm which meant clients avoided paying millions in tax.

Simon Brazier has completed his overhaul of the £164m Investec UK Alpha fund, trimming positions in "expensive" cyclical stocks in favour of more globally diversified companies.

The possibility of two separate general elections in the UK this year is causing concern for fund managers, who say it could lead to prolonged turmoil for equities and sterling in 2015.

Ashmore Group saw assets under management decline by 15% during the last six months of 2014, as negative investment performance and investors' adversity to emerging markets weighed on the company.

Fund performance skewed by benchmarks

JO Hambro Capital Management's Clive Beagles has blamed an underweight in defensive stocks for the underperformance of the £2.7bn UK Equity Income fund last year but said he refuses to invest in "bond lookalikes".