Neptune founder Robin Geffen has blamed an underweight to financials for the recent poor performance of the £922m Neptune Income fund.

Kames Capital's Phil Milburn is sticking with his underweight to European high yield within his £1.4bn High Yield Bond fund, although it has hurt performance over the past year.

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Managers are setting up portfolios for a pull-back in equity markets, looking at put options and moving more defensive as several indicators post sell signals.

Neptune's Doug Turnbull is holding his largest ever position in financials in anticipation of a rally for the sector, driven by looser monetary policy and reform.

Société Générale strategist and permabear Albert Edwards has launched a scathing attack on central bankers, warning incoming BoE governor Mark Carney could follow in the footsteps of Alan Greenspan to be a "ruinous" bank leader.

Aberdeen Asset Management is to raise the initial charge on a number of emerging markets funds to 2% in order to stem inflows and avoid liquidity issues.

The incoming Bank of England governor Mark Carney has said "the bar for change to the monetary framework is very high", warning any change to the current interest rate target could damage the economy.

Peter Harrison is leaving his post as chairman and chief executive officer at RWC to take on the role of global head of equities at Schroders.

The Bank of England is close to announcing a further bout of asset purchasing, particularly as gilt yields continue to soar, Kames Capital's Iain Buckle has predicted.