Former Aviva chief executive Keith Jones has joined the board of Smith & Williamson as a non-executive director.

Alliance Trust has promised to announce "changes" to business in the autumn, as it reported deteriorating performance for the first half of 2015.

Credit Suisse's new chief executive Tidjane Thiam has suggested the bank is considering acquiring smaller asset managers.

Simon Hynes is to re-join the industry as head of UK retail sales at Legal and General Investment Management, a year after he left Jupiter.

Nikko Asset Management is launching two new strategies in the UK this month, investing in global equities and multi-asset respectively.

Assets invested in exchange traded funds (ETFs) around the world surpassed those invested in hedge funds for the first time in Q2 2015, according to research firm ETFGI.

Equity income strategies are set to remain in favour but dividend growth rather than headline yield is becoming increasingly important, according to Henderson High Income's David Smith.

Research firm FundCalibre has launched a new ‘elite provider' rating, with 17 funds gaining the title.

Royal London Asset Management's Azhar Hussain has said that more opportunities in European high yield are now emerging, with macro events having little impact on yields.

Chinese equities have rallied strongly after it was revealed state banks have lent some 1.3trn yuan ($209bn) to the country's margin finance agency in the latest step to prevent a market freefall.