Nine of the world's biggest fund managers are preparing to set up their own 'dark pool' for equity trading in an effort to avoid interference from high frequency traders.

Mike Gush has been promoted to co-manager on Baillie Gifford's Emerging Markets Growth fund alongside Richard Sneller.

Andrew Thompson, formerly head of strategic distribution at Sarasin & Partners, has joined John Duffield's Brompton AM as head of multi-asset sales.

Newton Investment Management is expanding its multi-asset range with the launch of a Multi-Asset Income fund on 4 February.

Cazenove MM range 'was key area to capture'

Marcus Brookes, head of multi-manager at Schroders, has become more bullish on US stocks, as he expects falling oil prices to boost the jobs market still further.

The euro tumbled more than 25% against the Swiss franc on Thursday, triggering volatility in stocks, bonds and other currencies, after the Swiss central bank abandoned the currency "ceiling" introduced in 2011.

This year will see investors finally lose faith in the notion that policymakers are in control of global economic events, according to 'permabear' investor Marc Faber.

M&G has written to investors in its £9.5bn Global Dividend fund and acknowledged "there may well have been some complacency" around underperforming stocks in 2014.

Fund ratings agency FundCalibre has named five 'rising star' managers that have not yet made a big name for themselves in the industry, but are tipped to produce strong long-term investment returns.