MAM Funds' Martin Gray is holding 40% in cash in both his multi-asset funds due to a "lack of opportunities" in markets.

Leading fund managers including RWC income duo Ian Lance and Nick Purves have removed US dollar hedges on their portfolios in the view the currency has bottomed, leaving them at odds with currency specialists who predict further falls.

JO Hambro Capital Management has acquired a Singapore-based boutique with the view to launch two Asian equity retail funds by late September, subject to regulatory approval.

Declines in metals and other commodity prices have caused global indices to report losses for Tuesday and Wednesday morning.

F&C Asset Management has reported a £100m rise in AUM in Q1 following net inflows, positive market movements and an appreciation of the euro against sterling.

JO Hambro Investment Management (JOHIM) is considering a merger between the recently-acquired global mandate from Spencer House Capital Management with its Waverton Global Equity fund.

Mark Page has quit LVAM handing the £227m LV= European ex-UK Growth fund to Richard Falle until a new hire is made.

Invesco Perpetual managers Paul Causer and Paul Read have trimmed high yield and credit exposure in favour of government bonds, including Spanish government debt, on their £3.2bn Monthly Income Plus fund.

Polar Capital's assets under management in long only funds grew by $449m (£274m) in Q1, while AUM more than doubled at the firm in the last year.

Invesco Perpetual's Stuart Parks has warned Asian growth rates are poised to drop as central banks move to combat inflation.