Equities

First State Investments will no longer accept new platform business for its £5.6bn Asia Pacific Leaders and offshore Global Emerging Markets Select funds in an effort to limit inflows.

Footballing giant Manchester United has said it plans to raise as much as $330m (£210m) in a share sale in New York, to help pay down its debts.

International private bank and asset manager EFG Asset Management is set to launch a concentrated Chinese equity fund for ex-GAM manager Mansfield Mok.

Franklin Templeton has launched a Brazilian Opportunities fund targeting a total return from Brazilian equity, fixed income and currency markets.

Chairman of Goldman Sachs Jim O'Neill has said Spain's stricken economy may not need a full bailout, despite yields on Spanish bonds continuing to soar to eye-watering levels in recent weeks.

AXA Framlington's Nigel Thomas was awarded the outstanding contribution to fund management at Investment Week's Fund Manager of the Year Awards this month after almost 30 years in the industry.

Janus Capital International, the international arm of Janus Capital Group, has appointed Matthew Nagele as head of UK for its European business.

M&G's Michael Riddell has put 10% of his International Sovereign Bond fund portfolio in Italian government bonds in anticipation of a fresh liquidity injection from the European Central Bank.

US

Sales of UK-listed funds have fallen to their lowest level this year, the Investment Management Association (IMA) has revealed.