L&G

Legal & General is to close its £222m Global Macro Themes fund - formerly David North's Diversified Absolute Return trust - as current manager Ben Gill leaves the group, Investment Week can reveal.

Legal & General (L&G) has reported a jump in pre-tax profits and cash reserves and is eyeing further 'selective acquisitions' following its purchase of Cofunds last year.

THE BIG INTERVIEW

ONE TO WATCH

Philip Matthews has turned over almost half the holdings in the Schroder UK Alpha Plus fund since taking over the fund from Richard Buxton in October, Investment Week can reveal.

Overhauled pricing model will see majority of D2C platform's clients paying 0.45% annual fee.

Old Mutual Global Investors (OMGI) is exploring ways to capitalise on new manager Richard Buxton's popularity, including running segregated mandates and potentially launching an investment trust.

Allfunds Bank has appointed Danny Wynn, former platforms director at Legal & General, as head of fund groups for UK, Ireland and Middle East.

Octopus Investments' multi-manager team reveals the overlooked funds to watch in 2014.

Fixed income specialist TwentyFour Asset Management, which launched in 2008, has spent the last five years building up its reputation - and its assets - in the highly competitive bond space.