Liquidity in the corporate bond market will never recover to 2007 levels because investment banks are now so risk averse, according to Legg Mason's global bond manager Ian Edmonds.

Architas' Caspar Rock has repositioned his multi-asset range as he turns increasingly bullish about economic progress in Europe, but more concerned about Japan.

The Association of Investment Companies has joined Morningstar in urging investment companies to fully disclose portfolio holdings so they can compete with open-ended funds in a post-RDR environment.

Janus Capital has launched a Global Flexible Income fund for managers Gibson Smith, Darrell Watters and Chris Diaz.

Net retail sales for August plunged to their lowest level since October 2008, new IMA statistics show, dragged down by record outflows from the UK All Companies sector.

Neptune Investment Management has shut its £1m UK Alpha fund due to insufficient assets.

Tesco, the UK's largest retailer, has reported falling profits for the first time in 18 years, its latest financial statement has revealed.

BNY Mellon has fully acquired the WestLB Mellon Asset Management joint venture in which it already had a 50% stake.

J.P. Morgan Asset Management's Alain Nsiona Defise has joined Pictet's fixed income team as head of emerging credit.

UBS Global Asset Management has launched RDR ready commission free share classes as part of a wider push into the UK retail market.