Global Equities

US equity markets have opened higher as markets react to better than expected US jobs data for September.

The FTSE 100 has closed down 1.3% bringing its total loss for the quarter to 13.7%, its worst performance for nine years.

Aviva Investors manager Justin Onuekwusi has taken over two funds following the departure of Jason Josefs, and is now running a total of five portfolios for the group.

Neel Kashkari has become head of global equities at PIMCO, while the firm has also strengthened its equity team with two hires from Thornburg Investment Management.

Artemis' Simon Edelsten and Alex Illingworth have sold their position in Google but have been buying other advertising plays on the dips in global markets.

Artemis has hired former M&G fund manager Rosanna Burcheri to run its newly launched Global Select fund alongside Simon Edelsten and Alex Illingworth.

VOLATILITY, UNCERTAINTY, OPPORTUNITY

Standard Life Investments is looking to combine its global equity and small cap capabilities by launching a global small-cap fund for star manager Harry Nimmo.

Politicians and traders have cut short their holidays to address the sharp falls in markets seen since the start of the month - but should they have stayed on the beach?

GMO's Jeremy Grantham has said the S&P 500 is still heavily overvalued, and "worth no more than 950".