Magnus Peterson, head of the collapsed Weavering hedge fund that took £354m of investor cash, has been sentenced to 13 years in jail after being found guilty of several offences.

Skagen's Knut Gezelius is to "significantly restructure" his £4.5bn Global fund following a period of severe underperformance in 2014.

American economist Jeffrey Sachs has urged investors to add socially responsible firms to their portfolios in 2015, as consumers become more aware of companies' social and environmental credentials.

Norwegian fund manager Skagen is set to launch a concentrated global fund, subject to regulatory approval, following the rehire of manager Filip Weintraub.

Cheyne Capital's European hedge fund manager Moni Sternbach has joined GLG to work on a new mid-cap long/short strategy set to be launched later this quarter.

The FTSE 100 has dropped 2.5% this afternoon as worse-than-expected US retail sales data darkened investors' moods further this afternoon.

Aberdeen Asset Management's head of North American equities Paul Atkinson will be leaving the firm at the end of June.

Liontrust's Steve Bailey and Jan Luthman have bought into Sainsbury's and a number of other ‘challenger banks' on the view the new entrants to the market will take market share from the ‘big three', particularly in the mortgage sector.

Investment managers are beginning to question the value of holding gold for diversification purposes, as its correlation to equity markets soared to 65% this year.

The British Chambers of Commerce (BCC) has sharply increased its forecast for economic growth in the UK for 2013.