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Aberdeen Asset Management has agreed to acquire US hedge fund provider Arden Asset Management in the latest bid to grow its alternatives platform.
Tilney Bestinvest's 'Dog List' of consistent underperformers has fallen by over a third since January, from 60 funds to 37.
UK equity managers are the biggest winners in the latest bi-annual rebalancing of FE Trustnet's Crown Ratings, with 51 funds gaining the top accolade of five crowns.
Aberdeen has promoted Simon Moscow to head of UK asset management within its property division as Giles Easter departs the group.
Aberdeen's head of global emerging market equities Devan Kaloo has admitted the significant underweight to Chinese equities - as well as an overweight to India - has hurt his flagship GEM fund so far in 2015.