The Skandia name is to disappear as the group rebrands as Old Mutual Wealth across all UK operations.

'Investors should expect nothing from bonds’

Neptune Investment Management's profits before tax fell by over 40% in 2013, against a backdrop of falling assets under management, after a difficult year for its global investment approach.

The US dollar has hit multi-year highs against a basket of currencies as investors take a hawkish view of the latest finely-balanced set of communications from the Federal Reserve.

Vanguard's head of European institutional business Simon Vanstone has died aged 53, the company has said.

Asian stocks have been largely ignored this year as investors take stock of positions and eye potential shifts in policy from central banks, but multi-managers are now upping their exposure amid a strong rally.

Ascentric has posted a £0.6m loss for the 2013 financial year after "significant" investment in technology which cost it £1.6m last year.

Newly-founded fund group Sanditon Asset Management plans to launch a UK long/short fund for Tim Russell as early as November.

Investors will pull money out of a separated UK because of the "economic abomination" that is its current account deficit, Société Générale's Albert Edwards has warned.

Standard Life Investments has appointed James Millard to work within its MyFolio Fund Solutions team.