The value of the suspended Brandeaux Student Accommodation fund's property portfolio has been cut by more than 6% by Savills following an independent valuation process.
Franklin Templeton has launched its first multi-manager alternatives fund for European investors following its acquisition of K2 Advisors in 2012.
Man Group has reported net inflows of $400m (£250m) in the third quarter of 2014, as renewed interest in its quantitative strategies was offset by redemptions at GLG.
Troy Trojan fund manager Sebastian Lyon has said equity market dynamics in 2014 are comparable to those seen ahead of the financial crisis in 2007.
Kevin Addison has joined the funds arm of Brooks Macdonald as head of sales.
Kames Capital has expanded its absolute return range with the launch of two new mandates for David Griffiths and David Pringle.
Mining giant Rio Tinto has rebuffed a takeover bid from rival Glencore in August which would have created the world's largest listed mining group.