Miton Group lost a third of its assets under management over the course of last year, as a result of selling off part of its business and continued outflows.
The price of Brent crude oil has moved back above $49 a barrel following the death of Saudi Arabia's ruler King Abdullah overnight.
BP group chief executive Bob Dudley is expecting oil to remain at current low levels for up to three years, leading to job losses and falling investment in the oil sector.
Former Fidelity veteran Trevor Greetham has joined Royal London Asset Management to lead the firm's growing multi-asset team.
Demographics continue to drive care home fund inflows
Did the Swiss franc just become the new Deutschemark?
Legendary investor Jim Rogers has said he owns more US dollar than any other currency despite the fact he believes it to be "terribly flawed".
Fidelity Worldwide Investment's asset allocation director Trevor Greetham is to leave the company, Investment Week can reveal.