Multi-asset

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Firm responds to growing smart beta demand

Fund managers snap up Europe as Greek worries recede

Head of global equities to take over

What the Iran nuclear deal means for oil prices

City Financial is to acquire the multi-asset range of Investec Wealth & Investment, bringing a further £204m in assets to the company.

GAM has acquired the $1.2bn real estate finance arm of London-based asset manager Renshaw Bay as it seeks to broaden its business.

Baring Asset Management has launched a multi-asset income fund for former Schroders manager Sonja Laud, targeting the UK retirement market.

BlackRock has appointed Tom Holl as co-manager on Evy Hambro's £664m Gold & General fund.

Heartwood Investment Management has moved its range of funds into the IA Unclassified sector, joining a growing number of groups that have not been able to find a suitable peer group for risk-rated products.