Assets under management at emerging market specialist Ashmore fell nearly 11% during the last quarter of 2014 as a fresh market sell-off weighed on its funds.

Rathbones has reported a sharp jump in assets under management for 2014 but adopted a cautious stance on the outlook for investors over the next 12 months.

The FTSE 100 is set to post a loss of around 2.5% for 2014 after falling back sharply yesterday (30 December) following several days of gains.

UK inflation is likely to remain below target for longer, but some members of the Monetary Policy Committee (MPC) see possible risk factors that could cause it to overshoot its 2% target in the coming year.

The Federal Reserve may have to resort to an 'aggressive' rate hike as a consequence of stalling the decision for too long, according to Schroders' Strategic Bond fund manager Gareth Isaac.

Swiss asset manager Unigestion is expanding its presence in the UK to retail and intermediary clients by launching an RDR-compliant share class on a range of funds.

The Bank of England is planning to put the emerging market exposure of UK banks under scrutiny in the next round of stress tests.

EFG Asset Management has made two new hires to expand its investment teams in London and Hong Kong.

Dr Nicholas Motson (pictured), a lecturer in finance at the Cass Business School, has called for greater disclosure of fund holdings in order to allow researchers to calculate retail funds' "active share".

Mark Connolly, formerly head of fixed income at Scottish Widows Investment Partnership (SWIP), has joined Aviva Investors as chief investment officer, fixed income.