Barclays Capital is to close both the onshore and offshore versions of its Radar fund after failing to attract sufficient investor demand, Investment Week understands.

Veteran UK equity income fund manager James Henderson has moved up the market cap spectrum in his £70m Henderson Opportunities trust, buying up positions in Barclays and BP.

Andrew Thomas, head of product development at Legal & General Investments, has left the firm to pursue a new opportunity in the industry.

Aberdeen's Bruce Stout, manager of the £1.6bn Murray International investment trust, has reduced his fixed interest exposure to its lowest level in 25 years, claiming there is little value left in the asset class.

Investors have ploughed more than £34bn into underperforming funds which have severely lagged peers over the past three years, the latest RedZone report from Chelsea Financial Services reveals.

The deterioration of liquidity in bond markets has continued apace over the past year, leaving fund managers at risk of becoming forced sellers of bonds if there is a full-scale rotation out of the sector.

Investment trust specialist Frostrow Capital is launching an Alternative Investment Fund Manager (AIFM) arm to its business, ahead of the impending Alternative Investment Fund Managers Directive (AIFMD) coming into force next year.

Over the past month losses have racked up across bond sectors after comments from the Federal Reserve signalling the end of quantitative easing spooked global markets.

Surging global equity markets' have pushed down discounts across the investment trust industry so far this year, pushing a number on to premiums, the latest data shows.

F&C Investments' marketing head Tracy Fennell has left the firm, following a corporate restructure.