Equities

GLG's new recruit Henry Dixon has said the dual combination of rotation out of fixed income and the return of M&A could drive UK equities to new highs this year.

ON EMS

Baillie Gifford is to remove a 2% initial charge from its Emerging Markets Growth fund next week as it seeks to encourage new investment once more.

Neptune has shut Robin Geffen's Global Long/Short fund after just two years after co-manager Ted Alexander exited the firm.

J.P. Morgan Asset Management's Nadia Grant is to join Threadneedle as part of its US equities team, headed by Cormac Weldon.

Nick Train, a long-term backer of Hargreaves Lansdown, has said the platform's assets could hit £240bn by 2020 - a figure which would mean adding £200bn in AUA over the next six years.

Legg Mason Capital Management's Sam Peters has said US financials are the cheapest cyclical stocks in the US market and will climb sharply if interest rates increase this year.

Aberdeen Asset Management this morning reported it had seen AUM drop 3% as outflows continued from its equity funds and inflows dropped back sharply, following its move to cap Devan Kaloo's emerging markets fund.

Shares in Hargreaves Lansdown fell at the open this morning as investors digested news of the group's pricing overhaul which sees them charge clients a platform fee directly for the first time.

Neil Woodford has told Hargreaves Lansdown's head of research, Mark Dampier, he is wary of a re-run of the eurozone crisis which began in late 2009 and battered stocks across the continent.