BlackRock

Investment Week celebrated the 20th anniversary of its flagship Fund Manager of the Year Awards at a glittering ceremony at the Royal Albert Hall last night.

The £346m BlackRock UK Income fund has gained another co-manager with the addition of David Goldman.

Almost one fifth of investment trusts have changed managers in the last 18 months as a result of retirements, departures and greater board scrutiny, according to the Association of Investment Companies (AIC).

Global asset management firms have avoided being labelled "systemically important" but face a review into potential systemic risks posed by their largest funds.

Sebastian Lyon's £2.6bn Troy Trojan fund has been labelled "the biggest disappointment" in Chelsea Financial's biannual RedZone list of underperforming funds.

Rupert Harrison, former chief of staff to Chancellor George Osborne, is joining BlackRock to help develop its retirement proposition.

A rise in inflation expectations is prompting more fund managers to seek ways to protect their portfolios, despite headline price indices sitting at ultra-low levels.

AXA Investment Managers' former fixed income head Theo Zemek has taken up a new non-executive role at BlackRock.

The Patient Capital investment trust is to enter the FTSE 250 later this month, two months on from its record fundraising.