UK

Neptune's head of UK equities Jeremy Smith has outlined why his team remains underweight in financials, and has set out five key criteria which would need to improve before he would reinvest in the sector.

Carl Stick's Rathbone Special Situations fund has had its OBSR rating removed, following continued underperformance and restructuring.

Acuity Capital has unveiled its Real Active Management (RAM) small cap OEIC, which its principal manager believes will take advantage of a "tipping point" in a market cycle that has opened up in favour of UK smaller companies.

Fidelity is to replace John Stavis by promoting long-serving research analysts to run two of its UK growth and income vehicles.

Liontrust Asset Management has appointed Julian Fosh to work alongside Anthony Cross on its UK equity fund management team.

INGENIOUS Asset Management has made its UK Equity fund available to retail investors.

CREDIT Suisse has rebranded Marcus Hankey's £78m UK Growth & Income fund as UK Thematic fund, and given it a growth bias.

SCHRODERS is to launch UK Income Defensive fund, a more defensive version of its existing Income Maximiser vehicle, to be managed by Richard Lloyd.

OCTOPUS Opportunities fund manager, David Crawford, has stressed his fund's unique position in hunting for smaller companies that he says are missed by the larger fund houses.

LAZARD Asset Management is planning to launch a new income fund into the UK retail market, using the firm's World Dividend Equity Strategy.