The £572m M&G Asian fund has delivered top-quartile performance over three years, returning an impressive 32.7% versus the Asia Pacific ex Japan sector average of 26%.

Gartmore's Global, European and Fledgling investment trusts will make the move over to Henderson after the merger, with no plans to rename them as yet.

Invesco Perpetual plans to raise £100m for a Global Income trust run by managers Paul Boyne and Doug McGraw.

Alliance Trust has slipped out of the FTSE 100, while wealth manager Hargreaves Lansdown has been promoted to the blue chip index.

Legal & General Investment Management has named Mark Zinkula as the group's new chief executive.

The Bank of England will raise interest rates from their historically low levels in May, the British Chambers of Commerce (BCC) predicts.

IS HIGH YIELD STILL WORTH THE RISK?

The £2.1bn Foreign & Colonial investment trust has removed its performance fee following the first review of its charging structure since 2005.

Schroders has launched a high conviction European equities fund for head of European equities Rory Bateman.

Warren Buffett's Berkshire Hathaway made a $1bn loss in Q4 last year on his holdings in junk bonds, according to the Wall Street Journal.