Nick Marshall has left Smith & Williamson Investment Management after the firm overhauled its portfolio strategy recently.

EEA has told any investors unhappy with their holdings in the group's life settlements fund to consider making claims against financial advisers, and not to pursue the fund group itself.

Alliance Trust's head of equities Ilario di Bon has left the group to pursue other opportunities.

Hermes has partnered with Hong Kong based fund manager CSOP Asset Management to launch a China A Shares fund run by some of the country's own up and coming stockpickers.

Investors are set to snap up cheaper IPOs after a series of flops at the start of the summer, Unicorn managers Fraser Mackersie and Simon Moon have forecast.

Emerging markets still sensitive to US policy and currency moves

The Financial Conduct Authority (FCA) has urged investors in the EEA Life Settlements fund who bought directly or via a financial adviser to consider making a complaint as it believes some are "likely to have been mis-sold the product".

Old Mutual is launching an initial public offering for its US subsidiary Old Mutual Asset Management.

Wealth manager Turcan Connell is planning to launch its own real estate investment trust (REIT) in a bid to offer clients a solution to persistently low interest rates on cash holdings.

What if Abenomics fails?