Skandia is to launch a range of 20 single manager funds, giving retail investors first-time access to a line-up of global institutional managers.

Barings is to convert its Emerging Market Income fund into an Emerging Markets Debt Local Currency fund to meet increasing investor demand for the asset class.

The IMA is considering overhauling its sector classifications to account for greater use of synthetic investments since the arrival of Ucits III powers.

Wealth adviser Towry has appointed Aberdeen head of multi-manager Robert Dawkins as chief investment officer.

The UK's worst-performing funds have seen their assets swell by £1bn since the start of the year, research from Chelsea Financial Services shows.

Skandia is to launch a new range of 20 single manager funds across 10 different asset classes.

Martin Currie has named Claire Marwick as co-manager of its Japan Alpha fund, alongside Keith Donaldson and John-Paul Temperley.

The UK's worst performing funds have grown in size by £1bn since the start of the year, research shows.

Martin Currie has acquired the $140m Sofaer Capital European hedge fund along with its management team.

Aegon's UK Equity fund has been upgraded to a 'AA' rating by Old Broad Street Research.