Alliance Trust Investments is to close its North American and European equity funds, as the group completes the second stage of a strategic review.

Anthony Cross and Julian Fosh have made rare additions to their Liontrust portfolios, and Standard Life Investments' Ed Legget has bought a raft of new stocks as the shape of the UK market begins to change.

Fund buyers have been selling out of high yield bond funds as liquidity dries up in the secondary market and they predict little value remains in the asset class.

Lindsell Train co-founder Nick Train has admitted to being "flabbergasted" by a recent spell of outperformance in his £355m Finsbury Growth & Income trust.

Royal London Asset Management (RLAM) has posted a £224m net inflow into its funds in the first quarter, reversing an outflow of nearly £500m in the same period the previous year.

Allianz Global Investors has launched a high conviction European growth fund for Thorsten Winkelmann and Matthias Born.

Premier Asset Management has streamlined its fund range in a move to broaden its appeal in the wealth management market.

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First State Investments has formally announced the soft-closure of Jonathan Asante's £4bn GEM Leaders fund.

The board of the Schroder Oriental Income investment trust, managed by Asian specialist Matthew Dobbs, is undertaking a £100m C-share issue to meet investor demand.