MAM Funds is planning a share issue for Gervais Williams' Diverse Income trust, through which it hopes to raise £20m of new assets.
The FTSE 100 made marginal gains this morning as investors look through a tough session on Wall Street Friday, and a mixed day in Asia, to focus on an expected improvement in economic data later this week.
Graham Ashby has taken over a UK Enhanced Income fund at Ignis, targeting a yield of up to 9%.
Schroders' Nick Kirrage, co-manager of the £1.1bn Income fund, looks beyond the headlines in troubled Europe and finds some surprises in the region's hard numbers.
Schroders has begun marketing its soft-closed European Alpha Plus fund, managed by Leon Howard-Spink (pictured), as client demand for European equities begins to pick up.
Shares in Google closed down 8% after the tech giant's third quarter results - revealing a 20% drop in profits - were mistakenly released ahead of the US market close.
China's economy has slowed for the seventh consecutive quarter, recording an expansion of 7.4% in Q3 on the previous year.
A man has been arrested for plotting to detonate a bomb in front of the Federal Reserve in New York, following a sting operation conducted by US authorities.