The Dow Jones fell 135 points in early trading after China said it would ask banks to up reserve levels, restricting their lending capabilities.
Allianz Global Investors has received shareholder approval to convert its Global Equity vehicle into its first multi asset Oeic.
You could almost hear the sighs of relief in Greece yesterday when the EU pledged support.
Piers Hillier has joined LV= Asset Management as chief investment officer.
Former BlackRock fund manager Graham Birch has been appointed non-executive director of mining company Petropavlosk.
The FTSE is up 0.71% to 5,198.05 in early trading as it tries to shake off a wobbly performance yesterday as uncertainty about the Greek bail-out plan weighed on European markets.
Royal London Asset Management head of sales Stan Bland has resigned to pursue other interests.
Gartmore's John Bennett believes the long-haul recovery will favour technology and healthcare sectors alongside specific stocks able to deliver above average growth.
European markets have been hit hard by news Greece will receive bailout cash to tackle its debt crisis.
JPMorgan Emerging Markets Alpha Plus fund manager Christopher Morrell is set to leave the group.