Shares in Aberdeen Asset Management have jumped more than 5% in afternoon trading, after the group confirmed it is in talks to acquire Scottish Widows Investment Partnership (SWIP).

Invesco Perpetual's David Millar, Dave Jubb and Richard Batty - who joined the group from SLI this year - have revealed eight key investment ideas they are pursuing across the multi-asset portfolio at their new firm.

Buyers fear increased stock-specific risk as active EM funds run high weightings to developed markets.

Peter Fitzgerald, head of multi-asset retail funds at Aviva Investors, has named five hidden gem funds that add value to his portfolios, and which cannot otherwise be easily accessed by retail investors.

Billionaire investor Warren Buffett has cut his stake in Tesco, days after the food retailer posted a major profit slump.

Kames Capital has launched a closed-ended version of its Active Value Property fund for Helen Batten.

Aberdeen Asset Management and Macquarie Group are the two remaining bidders battling it out for Scottish Widows Investment Management (SWIP), Investment Week understands.

Natixis Asset Management has launched a global multi-asset fund for managers Michael Aflalo and Pierre Radot.

iShares has launched three ultra-short bond ETFs and two short duration bond ETFs as investors seek out new ways to protect themselves if interest rates start to rise.

Alternative investment boutique Man Group has seen net inflows of $700m in Q3 as positive performance from GLG offset problems with its flagship strategy.