Thames River's Peter Geikie-Cobb is looking to rebuild the US dollar exposure of his Global Bond fund to 75% over the coming month, having trimmed it to 50% in May.

BNY Mellon has assumed responsibility for the UK distribution of all the retail funds run by Insight.

Axa Rosenberg is to shut down its UK Small Cap Alpha fund as its assets have dwindled to £3m.

The FTSE 100 has opened 1.3% lower this morning as global indices continue to decline.

Axa IM has hired former Henderson New Star manager Nick Hayes to run its £54m Sterling Strategic Bond fund.

Mark Hawtin, the manager of the Gam Star Absolute Europe fund, is taking a 24% position in technology as he begins to view the sector positively for the first time in 10 years.

The FTSE 100's correction from its recent April peak is likely to continue to October and wipe a further 10% off the index's value, Cazenove technical strategist Robin Griffiths believes.

GLG Partners is being sued by an investor in the US who argues his shareholding in the group is undervalued in the proposed $1.6bn takeover by Man Group.

OPM Fund Management has seeded funds from JPM and Axa through its Balanced Managed and Fixed Interest fund of funds.

Docherty and Dean turn attention to names including Babcock, Sage and Experian