UK equities

Neptune has shut Robin Geffen's Global Long/Short fund after just two years after co-manager Ted Alexander exited the firm.

Polar Capital has increased assets under management (AUM) by 80% in the nine months to December 2013 despite closing its UK equity desk, the group's update has revealed.

Unicorn Asset Management has promoted two members of its investment team to co-manage its flagship £534m Unicorn UK Income fund.

The Government could dispose of its remaining stake in Lloyds Banking Group in 2014 through a combination of sales to retail and institutional investors, according to reports.

Old Mutual Global Investors is to launch an offshore mirror version of Richard Buxton's £1bn Old Mutual UK Alpha Fund.

The UK could be the first developed country to raise interest rates, with a hike coming as soon as next year, according to Fidelity fixed income head Andrew Wells.

As Britain has laboured to escape recession, we have heard a common complaint from critics of industrial and economic policy: "Where are Britain's ‘Mittelstand' companies?"

GLG's new hire Henry Dixon has said the FTSE 100 still offers investors more than 10% upside from here, despite the impressive rally it has already seen.

UK EQUITIES

Royal Mail's share price jumped by more than 5% in early morning trading after the company reported a significant jump in profits thanks to a number of one-off gains.