A group of 17 Artemis fund managers and key staff have agreed to a five-year lock-in preventing them from leaving or selling shares in the company before 2015.

Investec Asset Management's AUM has risen to an all-time high of £41bn after a record £3.7bn net inflow in the nine months to end December 2009.

The IMA has changed its Global Emerging Markets sector definition, which will now be based on FTSE or MSCI GEMs indices rather than World Bank definitions.

Former head of Fidelity FundsNetwork David Dalton-Brown has joined Barclays Wealth to lead its funds division.

Legal & General Investment Management and Neptune have criticised Cadbury management over Kraft's agreed takeover bid, saying the 850p per share deal undervalues the confectioner.

Fund managers have backed Cadbury's decision to accept Kraft's new increased bid for the confectioner.

Cadbury is poised to be taken over by US food conglomerate Kraft after its board approved a new increased bid.

Schroders CIO Alan Brown has joined the IMA board following a number of changes at the trade association.

Henderson will re-open its suspended New Star International Property fund on 12 February.

Invesco Perpetual has launched a new unconstrained bond fund for highly-regarded duo Paul Causer and Paul Read, which focuses on total returns rather than an income target.