Aberdeen Asset Management has agreed to acquire US hedge fund provider Arden Asset Management in the latest bid to grow its alternatives platform.
The IA Japan sector is home to the most consistent fund performers over the past three years, according to the latest research by F&C's multi-manager team.
Miton's David Jane has revealed the extent of the challenge he faced following his takeover of the group's multi-asset funds from previous manager Martin Gray last year.
Does the govt want to resurrect banks' advice role?
Allianz Global Investors is to close its EcoTrends fund in October, while in a separate move it will add the label 'multi asset' to its RiskMaster range.
The government has reduced its stake in RBS by 5.4%, selling 630 million shares for £2.1bn in a quick-fire sale to institutional investors.
Shares in Standard Life fell 3% in early morning trading as half yearly results revealed a drop in annuities sales had hit the Edinburgh-based group's profits.
Nikko Asset Management has expanded its global fixed income team with the hire of fund manager Holger Mertens from Lazard.
L&G Investment Management (LGIM) has promoted Andrzej Pioch to co-fund manager on the multi-index fund range run by Justin Onuekwusi.
Tilney Bestinvest's 'Dog List' of consistent underperformers has fallen by over a third since January, from 60 funds to 37.