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Luca Vaiani is set to overhaul the investment strategy on Dalton Strategic Partnership's Melchior Global Multi-Asset fund shortly after joining the firm.

National Savings & Investment (NS&I) is to close its Cash ISA and automatically transfer customers to its Direct ISA in May as part of long-standing plans to simplify its range of savings products.

Solid inflows into its mutual fund business and segregated mandates, as well as positive market movements, helped Jupiter grow its assets under management to over £26bn in Q4.

Smaller companies and recovery stocks were highly featured in wealth managers' best performing funds of the year, much to the chagrin of those continuing to back defensive names.

Jupiter is seeking unitholder approval to convert its European Income fund into a global income vehicle, with Sebastian Radcliffe and Gregory Herbert taking over as co-managers.

Nick Hamilton, head of global equity products at Invesco Perpetual, is hoping to boost the "mediocre" performance of the group's £1bn Global Equity fund by positioning less defensively and adding to US exposure.

Standard Life Investments has hired Kirsty Desson as an Asia Pacific analyst on Harry Nimmo's Global Smaller Companies fund.

Neptune's Robin Geffen has moved nearly half of his £950m Global Equity fund into US equities, his largest ever exposure to the region.

The majority of global equity funds underperformed the market in the first half of 2012, with many managers wrong-footed by the US outperformance.

Luke Stellini, global equity product director at Invesco Perpetual, explains how the media sector has undergone a major transformation since the days of the TMT boom.