Momentum investing strategies have been the subject of much criticism over the years, but new research suggests they can be winners over the long term.

Legg Mason's chief executive Joe Sullivan has revealed the firm is in acquisition talks with two businesses, while it is also looking to develop its ETF capabilities.

The smart beta challenge

Tilney Bestinvest has named nine funds that have consistently earned its top fund rating over the past five years.

A report by think-tank New Financial has suggested fund manager pay may overtake that of investment bankers by 2016, following a sharp rise since the financial crisis.

M&G's head of retail fixed interest Jim Leaviss has said it may be time to invest in US inflation protection following the oil-related sell-off seen in recent months.

BlackRock is launching a new range of three target-date funds ahead of pension freedom reforms coming into effect on 6 April.

John Weavers is set to take over from Aled Smith as manager of the underperforming £798m M&G American fund as the group proposes converting the fund into an equity income strategy.

The managers of the Ruffer investment company have slashed their exposure to the US dollar on fears it is no longer fit to act as a hedge, and have moved into the Japanese yen instead.

The Bank of England may have to resort to the interest rate cut that Governor Mark Carney alluded to in his Inflation Report speech this morning, according to some market watchers.