The IMA is consulting on scrapping current labels for the Managed sectors in favour of more simplified A, B, C, D categorisation.

Leading economists say politicians' agreement on the eurozone debt crisis lacks clarity and is not hard-hitting enough.

Jim Rogers has welcomed last night's eurozone deal, saying the size of the haircut for Greek bondholders was much higher than he had expected.

UK banking stocks drove this morning's FTSE 100 rally, with Barclays, RBS and Lloyds all surging roughly 6% on the news a eurozone debt deal has been reached.

Markets in Asia and the US soared overnight after leaders in Europe agreed a three-pronged deal to tackle the debt crisis.

Today's announcement star manager Ian Henderson will be stepping down from J.P. Morgan's £2bn Natural Resources fund has led some wealth managers to consider alternative funds.

Kames Capital has poached three property multi-managers from ING Real Estate Investment Management.

Polar Capital has appointed Ton Tjia to establish a European Market Neutral franchise for the group.

Threadneedle's Cormac Weldon has rotated out of cyclical names in favour of defensives in his £1.2bn American Select fund, as companies struggle against a muted outlook for the US economy.

The Chinese equity market could rise 20% in the coming months as the government once again moves to support the economy, said Capital Economics' China specialist Mark Williams.