ViCTory VCT has appointed Paul Jourdan's Amati Global Investors as its new fund manager, replacing Williams de Broe.

The FTSE 100 opened higher Tuesday, tracking strength overnight on Wall Street, as Legal & General (L&G) beat profit forecasts and lifted its final dividend payout by a third.

FTSE 100 dividend payouts are expected to rise 18% this year, as profitability recovers from the crisis.

Baillie Gifford's Mike Gush has increased exposure to India in the £119m Pacific Horizon investment trust after becoming bullish on the country's economic growth prospects.

Premier Asset Management has hired former Gartmore UK equity manager Simon King to run two funds.

The introduction of gearing to the £1.1bn Witan investment trust early last year has helped the multi-manager portfolio outperform its benchmark in 2009.

Winterflood Securities warns the private equity sector still faces widespread challenges despite recent results showing a rise in net asset values.

F&C's Fatima Luis is boosting exposure to floating rate notes as a protection against rising rates.

Lloyds Banking Group is expecting to make a profit in 2010 after making losses of £6.3bn last year.

The CEO of Legal & General Investment Management has announced he is stepping down after five years in the role.