Schroders is winding up its UK Core fund, Investment Week can reveal, calling time on its first offering in the 'low-cost active' space after failing to gather assets in the three years since launch.
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.
Investors who held their nerve and bought in to equity markets at the bottom in 2008 have made significant returns since then as markets recovered from the financial crisis.
Equity boutique Majedie Asset Management has hired Richard Staveley from River and Mercantile as a manager on its flagship UK Equity fund.
Investors have ploughed more than £34bn into underperforming funds which have severely lagged peers over the past three years, the latest RedZone report from Chelsea Financial Services reveals.
The Absolute Return sector has topped the IMA's monthly sales charts for March, posting its best monthly net sales since December 2009.
As advisers digest last week's revelation that top UK fund manager Richard Buxton is to exit Schroders after more than a decade at the group, attention is now turning to where to invest next.
BlackRock's absolute return manager Mark Lyttleton is due to return to his post next week after an extended break from the industry.
Fidelity's Sanjeev Shah has reduced his holding in part-nationalised lender Royal Bank of Scotland (RBS) following a tough year for financials in 2011.
Jayesh Manek's £40m Manek Growth fund has soared to the top of the UK All Companies sector, losing just 2.5% in the last three months of excessive market volatility.
Thames River multi-manager heads Rob Burdett and Gary Potter's latest quarterly report on the fund management industry shows just 2.68% have posted top quartile performance over the three years to Q2 2011.
Hargreaves Lansdown has added Liontrust's Special Situations fund to its Wealth 150 list of favourite funds, in the second win this week for the £1.2bn manager.
The number of UK-listed companies issuing profit warnings fell to the lowest level in about seven years during the second quarter.
Premier's Chris Wright has introduced pub companies into his £38m UK Mid 250 fund.
OBSR has suspended the A rating of the Gartmore UK focus fund after the company announced plans to hand over its management to Leigh Himsworth, who joined as head of equities on Monday.
Manager James de Uphaugh heads up one quarter of boutique's award-winning fund
Specialist sector sales went up by 40% in April on the Fidelity FundsNetwork platform despite only tw...
UK All Companies was the best-selling retail fund sector, representing 19% of gross retail sales of...