Sanlam Private Investments (SPI) has hired London & Capital AM's Bruce Ely-Johnston as head of business development.

Alliance Trust has snapped up a £35m stake in European equities, backing Spanish banks and cash-rich eurozone corporates to re-rate significantly over the long term.

Standard Life Investments (SLI), one of Xstrata's top ten shareholders, has vowed to vote against the proposed executive pay deal Xstrata board members are due to receive after merging with Glencore.

London's leading share index has opened flat in early trading, with investors cautious as Greek default fears resurface.

Old Mutual Global Investors has launched a four strong multi-asset fund range for John Ventre, which aim to beat inflation over the long term.

Marlborough Fund Managers has confirmed it will acquire BNP Paribas' ACD business in the UK in a deal that will see it take on £800m of assets.

US markets posted heavy losses for the second successive day of trading, amid fears Greece is set to default on a €5bn debt payment due next week.

Fidelity has revamped its Asian fund range in a move which gives the managers the ability to invest more of their portfolios in the onshore Chinese stock market.

Ed Morse, head of investment trust business development at F&C Investments, has left the firm to pursue a new opportunity in the industry.

Marlborough Fund Managers is poised to acquire BNP Paribas' ACD business in the UK in a deal which will substantially enhance its presence in the marketplace.