Equities

Schroders has said its UK funds are still open after the group's Massimo Tosato told analysts it is set to hard-close some of its most popular UK equity strategies in the coming months.

Alken Asset Management has soft-closed Nicholas Walewski's Absolute Return Europe fund after the strategy experienced significant inflows.

Neil Veitch is rotating his SVM UK Opportunities fund from domestic to international stocks, in the view optimism around the UK recovery has peaked and left sterling looking vulnerable versus the US dollar.

Markets across Asia fell sharply overnight, with key indices shedding over 3%, as worries about the health of the Chinese economy and its ability to re-balance continued to hurt equities.

AXA Investment Managers took in €12bn (£10.2bn) in net flows last year, well up on the €3bn taken in 2012, thanks to Framlington and its fixed income teams.

Tumbling commodities prices have hit equity markets this morning, driving the FTSE 100 into the red for a fourth consecutive day.

ON US

GAM is set to soft-close Michael Lai's GAM Star China Equity fund after a jump in size in recent months.

BlackRock has hired Helen Zhu from Goldman Sachs as head of China equities for Andrew Swan's team.

THE BIG QUESTION