Axa IM has hired Jon Bailie from Russell Investments as its global head of distribution.
The Mansion Group has launched a specialist Guernsey-based Student Accommodation fund.
Dalton Strategic Partnership is launching a Ucits-compliant version of its European equities fund, which bucked the industry trend by profiting in 2008.
The FTSE 100 opened slightly lower this morning after falls on Wall Street and in Asia, dipping 4.76 points (0.09%) to 5,493 in early trading.
Banks are denying savers tax benefits by paying less on fixed-rate cash Isas than on similar taxable bonds.
Fund managers in the US have become more optimistic over the state of the US economy and markets, according to Hans Hamre of multi-manager specialist FundQuest.
Old Broad Street Research (OBSR) has suspended the A rating on the £1.05bn Threadneedle UK fund ahead of talks with new manager Simon Brazier.
PSigma Investment Management has promoted Balanced Managed Fund of Funds manager Tom Becket to its CIO position.
Scottish Widows Investment Partnership (SWIP) is spending to scoop up some of the world's least popular assets.
Montanaro small cap specialist Dan Harlow has joined AXA Framlington's UK equities team.