Standard Life Investments (SLI) has handed its £52m UK Equity High Alpha fund to UK equity analyst Henry Flockhart, who will replace Ed Legget as lead manager on the fund.

US treasury yields have jumped to an 11-month high after better-than-expected US jobs data boosted market sentiment.

J.P. Morgan is proposing to alter the income mandate on its £96m European investment trust, in a move which would see it sell out of the UK and focus on continental Europe.

Marlborough's top-performing fund manager Giles Hargreave has admitted it will be difficult for UK small-cap equities to replicate their 2012 performance this year.

ONE TO WATCH

Fund groups have renewed their calls for sub-divisions within the Absolute Return peer group, after the IMA revealed its long-awaited review of the sector last week.

Aviva Investors' Kieran Curtis has joined Standard Life Investments' (SLI) emerging market debt team, as the firm looks to bolster its footprint in the space.

Baillie Gifford has moved to soft-close its Diversified Growth fund in order to protect performance, following a surge of inflows in the past year.

Graham Glass has joined City Financial to spearhead the group's fixed income operations, as the firm looks to build up its product range in this area.

Jeremy Tigue's £2.6bn Foreign & Colonial investment trust has moved to satisfy income hungry shareholders after announcing a 19.7% dividend hike for 2012.