The leader of a £1.5bn bid to take over 315 branches up for sale by Royal Bank of Scotland (RBS) has warned the lender it must take the offer seriously.
Neptune is to merge away its UK Equity fund, run by Scott MacLennan, later this year following the departure of highly rated manager Alex Breese.
Fixed income managers have cautioned the Bank of England (BoE) will be forced to backtrack on its forward guidance measures as it has been too pessimistic over the state of the UK economy.
Old Mutual Global Investors (OMGI) is planning to relaunch a number of funds in its range, with global equities, Asia and emerging markets touted as major growth areas.
Schroders chief executive Michael Dobson said the group now has the strongest UK equity team in its history - despite the departure of Richard Buxton.
Shares in asset managers Schroders and Henderson have fallen in morning trading while Aviva climbed following a set of half-year results from the groups.
Schroders reported an outflow of more than £1bn in June, following a market sell-off and the departure of its head of UK equities Richard Buxton.