UK

As 2013 draws to a close, we look back over the major news stories in an eventful year.

J.P. Morgan Asset Management has hired Andrew Larkin, formerly head of strategic partnerships at Neptune, as it refocuses its sales team on its most important clients.

Old Mutual Global Investors is to launch a multi-asset range, offering a range of risk and return profiles, in February next year.

Brooks Macdonald has signed an option agreement to acquire Levitas Investment Management for up to £24m.

Deputy chief executive Andrew Laing has sold 1.17m shares in Aberdeen Asset Management two weeks after Martin Gilbert and Hugh Young also sold a large proportion of their holdings.

The Financial Services Compensation Scheme (FSCS) has begun contacting clients of failed firm Tailormade, which was a major distributor of troubled overseas property company Harlequin Property.

Neil Woodford is to join forces with investment firm Oakley Capital when he leaves Invesco Perpetual next April.

Since the news Neil Woodford is leaving Invesco Perpetual next year, investors have been prompted to review their asset allocation in the equity income space.

Marlborough Fund Managers is to merge away Geoff Hitchin (pictured) and Nicholas Cooling's UK Income & Growth trust in January.

Old Mutual Global Investors is to launch an offshore mirror version of Richard Buxton's £1bn Old Mutual UK Alpha Fund.