Schroders has converted its Diversified Target Return fund into a third low cost fund, Schroder Dynamic Multi-Asset.

Ex-New Star and Henderson fixed income specialist James Gledhill has joined AXA Investment Managers, as three staff leave the firm.

Oriel Securities has highlighted the top equity based investment trusts yielding more than the FTSE 100, FTSE 250 and Small Cap.

The FTSE 100 was down more than 1.3% in early afternoon trading as weak data from China and ongoing fears for the US economy hit risk assets.

AXA Investment Managers has hired a portfolio manager for its Healthcare fund to strengthen the team following a spate of departures.

Man Group has launched a multi-strategy fund investing across a range of its own funds, and those of its subsidiaries including recently acquired GLG Partners.

The Bank of England's Monetary Policy Committee (MPC) remains split on interest rates despite UK inflation remaining at a two-and-a-half-year high, as fears of a eurozone shock persist.

Jupiter's European Income fund manager Malcolm Millar is leaving the firm, handing his fund to Cedric de Fonclare.

Greek prime minister George Papandreou yesterday survived a vote of confidence in his government, sending Asian markets soaring overnight.

Anthony Bolton's China Special Situations investment trust saw performance take a hit from the cost of options he took out to protect against the political situation in Korea.