Franklin Templeton manager opts for a more concentrated portfolio, focusing on stocks with a market capitalisation of between £100m and £1bn.
Merchant House has withdrawn its listing on the AIM exchange after it was unable to raise sufficient funding.
David Hickey has resigned from his post as executive chairman of Lighthouse Group.
Financial adviser Lighthouse Group has announced it plans to de-list from AIM.
Neil Woodford's £20bn income portfolios are set for a boost after small-cap healthcare stock Proximagen was subject to an agreed bid, at more than twice the share price he paid.