RLAM's UK equity income manager talks to Alice Rigby about a decade at the helm of his fund, capacity issues, and why he is still backing wealth management stocks.

Ian Warmerdam, manager of the Henderson Global Growth fund, has been cutting exposure to the US and shifting to emerging markets, as the runaway performance of the US market has caused elevated stock values.

The Lindsell Train investment trust has announced it will no longer give itself the option of gearing the portfolio, in part due to rising regulatory costs.

Dan Kemp has been promoted to chief investment officer for Europe, Middle East, and Africa (EMEA) at Morningstar, replacing Daniel Needham.

Charles Stanley's William Tong has joined Waverton Investment Management's managed funds team as business development manager.

Lyxor Asset Management has joined forces with boutique firm Corsair Capital Management to launch a new alternative strategy with daily liquidity.

AXA Investment Managers' former fixed income head Theo Zemek has taken up a new non-executive role at BlackRock.

Chancellor George Osborne has announced the government is to sell its remaining 30% stake in Royal Mail.

Coutts & Co has hired former St James's Place chief executive Mark Lund as a non-executive director.

Old Mutual Wealth has hired Jane Goodland from Towers Watson to head its responsible business efforts.