Equities

Schroders has poached Jupiter's Philip Matthews and Neptune's Alex Breese to replace Richard Buxton and Errol Francis who are moving to Old Mutual Global Investors.

UK equity manager James Clunie has left his role at Scottish Widows Investment Partnership (SWIP) to join Jupiter Asset Management.

The FTSE 100 has shed almost 2% after US employment numbers for March came in well below expectations.

Three top-performing UK equity funds run by merging fund houses Schroders and Cazenove Capital are close to reaching capacity.

Equity funds saw their highest net retail sales for nearly two years in February, the Investment Management Association (IMA) said today, with net inflows of nearly £1bn.

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Retail investors should be able to access less liquid investment strategies so they can benefit from longer-term investment decisions, according to new RWC Partners CEO Dan Mannix.

Almost half the funds in the Investment Management Association (IMA) Global Equity Income sector have cut dividend payouts over the past year, leading some wealth managers to caution income hunters when allocating to the increasingly popular space.

Jupiter CEO Edward Bonham Carter has sold 750,000 shares in the group, bringing his shareholding down below 3%.

Miton Group - Gervais Williams' fund management company - has announced plans to launch a range of UK equity funds after a positive year for the group which saw assets climb towards £2bn.