Former F&C UK mid-cap manager Michael Ulrich is to join JO Hambro Capital Management as part of its UK equities team.

Miners and financial are dragging down the FTSE 100 index this morning, with HSBC among the biggest fallers following the news of further cost-cutting at the bank.

"Bond tourists" investing in dividend-paying stocks are causing concern for UK equity income managers, who predict increased volatility as debt starts to sell off.

Legal & General Investment Management(LGIM) has appointed Omar Saeed as lead manager of its flagship Dynamic Bond Trust, nine months after the departure of Richard Hodges.

Neil Woodford has made a new investment in AJ Bell via a fundraising round which ensures the Invesco Perpetual-backed platform will remain a private company.

The co-chief executive of Deutsche Bank have stepped down from their position, weeks after the bank was fined a record £1.7bn for manipulating LIBOR.

Lloyds Banking Group has been hit with a record £117m fine by the Financial Conduct Authority for mishandling of payment protection product complaints.

Veteran fixed income manager Bill Gross has admitted he is frightened by the lack of liquidity in bond markets.

With market volatility on the increase, Investment Week asked six fund selectors for their absolute return recommendations.

The proportion of UK retail funds managed by women has stagnated over the past year, according a study by Tilney Bestinvest.