Hedge fund manager Man Group's shares nosedived on Wednesday, after its flagship hedge fund AHL reported one of its biggest weekly losses.

Martin Currie has hired Damian Taylor as investment manager in its Edinburgh-based Asian equities team.

Multi-asset managers have been moving back into property for the first time since the financial crisis, as higher income levels from the sector attract yield-hungry investors.

Goldman Sachs Asset Management has soft-closed its N-11 Equity Portfolio less than three years after launch, as assets in the strategy swelled beyond $1.7bn (£1.1bn).

Kames Capital is planning to launch an "aggressive" rates fund to prepare for an eventual increase in interest rates on government bonds.

Chris Colclough has been promoted to head of portfolio management for Guernsey at Canaccord Genuity Wealth Management, formerly Collins Stewart Wealth Management.

Aviva Investors' Justin Onuekwusi has upped his exposure to a variety of niche bonds - including floating rate loans - after warning equity markets could fall in the near future.

UK equity income managers are selling out of defensive stocks which have led the global equity rally year-to-date, warning they are approaching bubble territory.

BlackRock has hired Daniel Whitestone from UBS to bolster its UK small- and mid-cap equities team.

Japanese equities have started to regain some of the ground lost since the end of last week after the Nikkei rose 1.2% in Tuesday's trading.