UK

The £346m BlackRock UK Income fund has gained another co-manager with the addition of David Goldman.

Lazard UK Omega manager Alan Custis is backing the acquisitive Man Group to pursue further M&A activity as it continues to diversify away from its quant strategies.

J.O. Hambro Capital Management's Clive Beagles has opened new positions in wealth managers and increased exposure to certain banks in his £2.9bn UK Equity Income fund.

Schroders has called on the Investment Association to rethink its approach to UK Equity Income funds as Nick Kirrage and Kevin Murphy's Income fund is removed from the sector.

Old Mutual Global Investors (OMGI) is to alter the investment objective of Richard Watts' UK Mid Cap fund to allow the manager to hold more in mid-cap stocks sitting outside the FTSE 250.

Jupiter is to merge its Jupiter Undervalued Assets fund into the Jupiter UK Growth fund from 3 July.

Where is the 'Achilles' heel' for the challengers?

Tesco shares have bounced after the supermarket reported Q1 results it said are a "step in the right direction" ahead of a landmark AGM later today.

Standard Life Investments' Ed Legget is to join Artemis ahead of the planned retirement of the group's Tim Steer, Investment Week can reveal.

Standard Life Investments' UK equity manager Ed Legget is to leave the firm, Investment Week can reveal.