Creates £11bn asset management business
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'Higher turnover than usual' in latest rankings
Investors 'waiting on sidelines' for greater Brexit clarity
Focus shifting towards sustainability
Manager of Diverse Income trust
Attributing fees to fund range
Falls of as much as 70%
Nine years since fall of Lehman Brothers
AUM now 'well over £3bn'
Stronger second half
Miton's UK MicroCap trust has announced its first share issue since launch in April, raising an additional £4.3m.
The launches of three small-cap investment trusts in close succession will give liquidity in the lower end of the market a much-needed boost, according to L&G's Richard Penny.
Miton's new UK MicroCap trust has raised almost £50m during its IPO period, the company has announced.
The steep fall in the oil price could damage growth and dividend prospects for some of the UK's biggest stocks, adding to managers' concerns over the outlook for the wider market.
Miton Group has reopened its UK Multi-Cap Income to new investors after imposing an initial charge last year.
Big on small
Outsourcing company Quindell has won a court battle against a short-seller which caused its share price to dive 40% earlier this year.
The management of Diverse Income Trust is considering increasing the company's capital base in order to cut costs.
Fund manager Gervais Williams says he manages his own finances because financial advisers are expensive and apt to confuse.
Fund management groups and analysts have warned new dividend rules for investment trusts could see shareholders lose out as portfolios become less tax efficient.