Equities

Members of the Schroders and Cazenove Capital fund management teams are hitting the road next month to discuss recent changes at the group and to allow advisers to quiz its fund managers.

Firms are not expecting a return to the "equity culture" seen in the 1990s, according to research conducted by the Investment Management Association (IMA).

Richard Buxton's Old Mutual UK Alpha fund has passed the £500m AUM mark, having grown at a rate of £100m a month since he joined the firm in June.

Credit Suisse has completed the sale of J O Hambro Investment Management to the private client business' management team and Bermuda National Limited (BNL).

A number of UK equity income managers have begun building positions in Lloyds Banking Group as the lender prepares to return to the UK dividend register.

Legal & General (L&G) has signalled its intention to become a "major player" in delivering low cost passive investment solutions to UK retail clients as the group saw profits rise 13% in the first half of the year.

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