Newton's Raj Shant has handed over the European Higher Income Fund to his colleague Fred Moore.
The EU and IMF have reached a deal on Greece which should prevent a default, but will involve a new round of austerity measures for the beleaguered nation.
US markets have recently been unsettled by weak economic readings. Peter Allwright, manager at RWC Partners, looks at what lies in store for the region.
Henderson Global Investors has increased its holding in rival Liontrust Asset Management, taking its position in the asset manager to more than 11%.
Former Gartmore emerging market manager Anthony Cheung has joined Pictet Asset Management to work on the group's Asia total return portfolios.
Multi-managers at OPM Fund Management are targeting funds in emerging markets and energy sectors in the recently-launched Worldwide Opportunities fund.