UK

UK GROWTH

Top dividend-paying companies still account for majority of the UK equity income market with high degree of overlap at the top of the table

GLG Partners is preparing to soft-close Jason Mackay and John White's UK Alpha Select Ucits fund as it has hit its target of $300m (£195m) in assets under management.

FUND MANAGER FOCUS

UK INCOME

Ian Vose, the head of Swip's global developed markets equities team, is to join Investec Asset Management.

Rob Burdett and Gary Potter will run the combined retail multi-manager business of Thames River and F&C, with Dean Cheeseman to head-up the institutional and Lifestyle range.

F&C plans to acquire boutique fund group Thames River Capital in a deal worth up to £53.6m.

Henderson plans to merge away five of its retail funds as the group implements a widespread rationalisation and revamp of its product range a year on from acquiring New Star.

Prudential's largest shareholder, the Capital Group, is eying a potential break-up of the insurer as a radical alternative to its $35.5bn AIA acquisition.