Neptune Investment Management's profits before tax fell by over 40% in 2013, against a backdrop of falling assets under management, as headwinds continued to impact its global investment approach.
L&G is to merge away its underperforming L&G Equity and L&G UK Active Opportunities funds in mid-November.
Aegon has launched a High Income fund intended to help investors take advantage of pension freedoms coming announced in the Budget.
Old Mutual Global Investors (OMGI) has appointed a new Asian equities team headed by Joshua Crabb, previously at BlackRock.
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The Investment Management Association has said there are signs the polarisation of fund flows is decreasing, despite consolidation across the distribution chain pointing to the opposite effect.
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