Former Martin Currie manager Scott McKenzie has joined Saracen Fund Managers, after taking a five-year break from the industry.

Schroders is launching an onshore version of its ISF QEP Global Emerging Markets fund, to be managed by the QEP investment team headed by Justin Abercrombie (pictured).

Funds with a top-down macro approach have struggled to beat bottom-up stockpickers this year, with many dropping into the fourth quartile of their respective sectors.

Former Ignis Asset Management head of credit Chris Bowie is to join TwentyFour Asset Management as the boutique builds on recent success in the fixed income space, Investment Week can reveal.

Revenue and profits of UK mid-cap companies have beaten those of their FTSE 100 peers over the past year, as larger firms have seen their margins squeezed.

Platform sales reached a new record in the second quarter, according to a Fundscape report which pointed to Budget reforms as a key driver of the surge in interest.

US high yield bond funds and ETFs have seen record outflows this week, according to Lipper data, amid a spike in yields for the asset class in both the US and UK.

Fund selectors have begun to move away from ‘dogmatic' equity funds that favour either growth or value investment approaches to focus on more balanced equivalents.

The cyclicality of listed asset management businesses has been called into question as big names spring dividend surprises and attract the interest of UK equity income managers.

The FCA has used its consumer protection powers for the first time, banning the sale of contingent convertible securities to the mass market.