BlackRock has appointed Nigel Bolton as chief investment officer for the EMEA and Asia regions.
Investment trust sector sees an increase in number of boards implementing discount control mechanisms.
Investors have been trading equities en masse, according to the latest data from BlackRock, with 94% of a record $262.7bn of flows accounted for by the asset class last month.
Paul Feeney has told Investment Week the terms negotiated on Skandia's soon-to-be-launched Select fund range will enable the group to offer the "best model portfolio service" to UK advisers and help them take power back from other distributors.
BlackRock, the world's largest asset manager, has revealed it has taken an 8% stake in football club Manchester United.
The number of assets in underperforming 'dog' funds has more than halved since last summer but over £12bn is still stuck in such offerings, according to Bestinvest's latest Spot the Dog list.
BlackRock has launched an Emerging Markets Absolute Return fund for managers Sam Vecht and Henry Wigan.