Hedge fund Trafalgar Asset Managers has boosted a bet F&C Asset Management's shares will keep falling following its plan to acquire Thames River.
Private equity positions were the largest positive contributor to the Foreign & Colonial investment trust in the first half of the year, helping to offset the effects of BP's dividend suspension.
F&C Global Growth fund manager Terry Coles is joining Newton's global equities team in September.
F&C's multi-managers have begun reducing exposure to defensive funds across their Lifestyle portfolios in the view that the global economy is in a gradual recovery.
Premier has changed the name of its £64m UK Thematic fund to UK Strategic Growth to better reflect the style of new manager Simon King.