US stocks posted their largest one-day gain this year as the latest meeting minutes from the Federal Reserve suggest it may adopt a more cautious stance on hiking interest rates.

Polar Capital has reported a 1% rise in AUM over the six months to end-September as outflows from its Japanese equity fund held back asset growth.

Markets in the US fell overnight, after the International Monetary Fund (IMF) cut its forecast for global growth for the next two years.

Liontrust's assets under management are to climb above £4bn imminently after the group won a £320m UK equity income mandate.

Schroder UK Opportunities is understood to have seen outflows totalling 30% of assets since Julie Dean resigned on 8 September and handed the portfolio to Matt Hudson.

The economic situation in Japan over the last two decades can teach Western economies a number of lessons, with the region actually very successful at boosting its own citizens' wealth, M&G's bond veteran Richard Woolnough has said.

Large-cap funds in the UK Equity Income sector have increased the concentration of their top ten holdings even as the UK's largest stocks begin to struggle, data compiled for Investment Week has revealed.

Emerging markets specialist Ashmore has partnered with ETF provider Source to launch a suite of actively-managed emerging market debt ETFs.

BNY Mellon is set to acquire US-based fixed income and solutions specialist Cutwater Asset Management, bolstering Insight Investment's capabilities in the process.

Former Ignis manager Ian Ormiston has joined Old Mutual Global Investors to develop and run a new European Smaller Companies fund.