The year-long stock market rally faltered over the summer, its progress derailed by concerns about the Federal Reserve's intentions to tighten monetary policy.
Matthew Shafer has joined Natixis Global Asset Management from Merrill Lynch as managing director of the UK retail business and global key accounts, replacing Ed Farrington.
Aberdeen Asset Management has seen net outflows of £1.2bn in the two months to 31 August, pushing AUM down 4% over the period.
Chelsea Financial Services and Albemarle Street Partners are to launch a fund rating service early next year, targeting consumers as well as advisers and rivalling a number of existing agencies.
Troy Asset Management CEO Sebastian Lyon has pledged to retain his 'natural caution' in the face of an increasingly optimistic atmosphere for equity investment.
James Henderson's UK Equity Income fund has been ejected from the IMA UK Equity Income sector for failing to meet the trade body's sector requirements.