Guillaume Rambourg is to return to Gartmore as an investment analyst as the firm names a new co-manager alongside Roger Guy.

The FTSE 100 jumped 53.6 points (1%) to 5,777.25 in early trading after Asian stocks rose overnight and concerns over a Greek default eased.

Graham Ashby has re-introduced Imperial Tobacco as one of the largest holdings in his £89.1m LV= UK Equity Income fund just three months after selling out of the stock.

J O Hambro Capital Management's Alex Savvides is adding UK domestic-focused companies in the belief the fears over the British economy have been overdone.

River and Mercantile (R&M) launches its Global High Income fund this week for manager Alex O'Reilly.

Legal & General Investments' Robert Churchlow has added two new positions to the £232.3m Growth trust ahead of expected merger and acquisition activity.

HSBC Asset Management is planning to change the investment approach on its GIF European Equity fund after turning around performance on European Growth using the same method.

Gartmore UK Alpha fund manager Leigh Himsworth has increased his weighting to small and mid caps on expectations of increased M&A activity.

HSBC is to wind up its $100m listed Global Absolute fund of hedge funds following a vote by shareholders.

Royal London Asset Management (RLAM) will convert six unit trusts into Oeics later this month in the last of a series of fund conversions.