Alken Asset Management has soft-closed Nicholas Walewski's Absolute Return Europe fund after the strategy experienced significant inflows.
Tumbling commodities prices have hit equity markets this morning, driving the FTSE 100 into the red for a fourth consecutive day.
Multi-manager Tony Yousefian is to join Charteris Treasury Portfolio Managers following his exit from City Financial.
Henderson Global Investors' head of global property equities Patrick Sumner is to retire in June after 17 years at the group.
UK investors put the most money into Absolute Return funds for over four years in January, as retail investors re-evaluated their equity exposure.
City Financial's multi-asset fund manager Tony Yousefian has left the firm after less than a year, Investment Week understands.
Russian shares dropped to a five-year low yesterday, weighing on global markets, while the gold price jumped as the Ukraine crisis intensified.