Bond fund manager John Anderson is set to leave J.P. Morgan (JPM) after being told his future at the group remains uncertain.

The Federal Reserve last night indicated it has no plans to tone down its quantitative easing programme in the near future, arguing the US economy is not in a strong enough position to turn off the liquidity taps.

Aberdeen Asset Management's Hugh Young has cautioned there is a lack of buying opportunities in Asia as earnings growth continues to slow down across the continent.

Sanlam Private Investments (SPI) has reaffirmed its ‘sell' recommendation on Richard Wilmot's £2.1bn Newton Higher Income fund, arguing its recent overhaul has made the fund a less attractive option for income seekers.

The Investment Management Association (IMA) has removed a further two funds from its UK Equity Income sector for undershooting minimum yield requirements over the past three years.

M&G Investments' Alex Odd (pictured) has left the firm, handing his underperforming £1.4bn M&G Dividend fund to Phil Cliff amid a re-shuffle of the group's equity desk.

Top performing small-cap manager Giles Hargreave has stepped down from his co-manager role on the £90m Marlborough UK Leading Companies, handing the mandate to Richard Hallett.

Standard Life Investments (SLI) is reviewing its remuneration policy after Euan Munro became the latest star name to announce his departure from the firm last week.

INVESTMENT TRUSTS

A number of big name fund managers have been flagged by Bestinvest's latest infamous list of "dog funds", which names and shames the worst performing funds available to UK investors.