Thames River plans to close down its Currency Alpha fund following the departure of manager Bill Muysken.

The future of the eurozone now hangs on how markets react to the €110bn (£94bn) bailout of Greece, according to the director of UK equity strategy at F&C.

Canada Life has appointed Craig Rippe as head of UK equities after a restructuring of its equity investment team.

The FTSE was off 0.83% at 5365.96 points this morning despite the largest miners regaining some of the ground they lost yesterday.

Scottish Widows Investment Partnership (Swip) has appointed Peter Cockburn, its acting head of UK equities, as permanent leader of the unit.

Fund managers are buying into southern Europe as macro-economic instability creates opportunities, amid fears Greek contagion could push economies in the region into recession.

GLG Partners' Ben Funnell has boosted tech exposure on the GLG Performance fund in the view the next expenditure cycle in IT is overdue.

GLG Partners is preparing to soft-close Jason Mackay and John White's UK Alpha Select Ucits fund as it has hit its target of $300m (£195m) in assets under management.

George Luckraft is standing by a nearly 50% overweight position in small caps for his Axa Framlington funds, despite smaller companies dragging heavily on performance.

F&C's high profile acquisition of Thames River Capital has received mixed reactions from financial analysts, amid market noise Thames River was sold short.