Global Equities

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".

The FTSE dropped more than 3% in early trading on Friday, following US and Asian markets sharply lower as the global sell-off continues.

Threadneedle's Stephen Thornber is looking to the commodities sector for special dividend payouts as he prepares to cut certain income payers in his quarterly portfolio review.

JP Morgan has launched a global equity absolute return fund for ex-Schroders manager Gary Clarke.