The industry is split on the merits of the Treasury Select Committee's (TSC) key recommendation to delay the RDR for 12 months until 1 January 2014.
MAM Funds has closed Sam Liddle's CF Midas Global Income fund after assets dwindled to the point it was no longer economical to run.
Aegon has confirmed it will rebrand its UK asset management arm as Kames Capital later in the year as Investment Week exclusively revealed earlier this afternoon.
MAM Funds has promoted analyst Mark Wright to deputy manager of the CF Midas Balanced Growth fund, lead managed by Simon Callow.
US pension funds and other institutional investors have filed an amended complaint alleging "rampant nepotism" and "failed corporate governance" at News Corp in light of the ongoing British phone hacking scandal.