Platforms are stepping up their white-label investment offerings to advisory firms as an increasing number of orphaned clients presents a challenge ahead of the 2016 legacy commission ban.

A long Europe position has helped offset an otherwise "brutal year" for the Old Mutual Global Strategic Bond fund, according to manager Stewart Cowley.

Markets may have been volatile as autumn approached, but the Smith & Williamson Enterprise fund has returned more than 3% over the three months to 3 November 2014, and beaten peers in the Targeted Absolute Return sector.

Asset managers deserve to be paid up to a third of the alpha they generate, Towers Watson's EMEA head of investment has suggested.

Wealth managers are adding to Europe following the market correction of the last few weeks, despite concerns remaining about the threat of deflation in the region.

Schroders has beaten analysts' expectations to post 18% growth in pre-tax profits in the third quarter of the year.

Old Mutual Wealth saw Q3 net inflows rise 33% year-on-year as government savings reforms began to take effect and the WealthSelect range gained traction.

Henderson Global Investors has replaced its head of emerging markets with former First State manager Glen Finegan.

Neptune's Robin Geffen has predicted a further sharp fall in the value of sterling against the dollar as he positions his portfolio for a fresh surge in the US currency.

Old Mutual Global Investors has appointed former Ignis manager Allan MacLeod as head of international distribution.