invesco perpetual

M&G has lost its number one spot at the top of the widely followed Pridham report, after sales at rivals BlackRock and Standard Life surpassed the Prudential-owned asset manager.

Invesco Perpetual global equity income managers Paul Boyne (pictured) and Doug McGraw have left the group to take up new roles at a North American firm.

FIVE THINGS

Invesco Perpetual's Neil Woodford is running the most concentrated portfolios seen in his 25-year fund management career in an effort to shield his funds from economic headwinds.

UK Money Market funds swung back in favour in May as investors looked to shelter money amid the ongoing eurozone debt crisis, according to figures from FundsNetwork.

S&P Capital IQ has revealed its pick of the best funds with a decade-long track record, as it introduces a new ten-year grading system.

Fund managers looking to offer clean share classes could find it "cheaper" and "simpler" to adapt existing institutional share classes as opposed to developing new ones, Deloitte has suggested.

Income giants Jupiter's Anthony Nutt and Invesco Perpetual's Neil Woodford are divided over the likelihood of the UK falling back into recession.

Neil Woodford has revealed his "increasing concern" about the situation in the eurozone as he warns of a European credit crunch and the risk of the UK following Europe into recession next year.

Neil Woodford has led a boardroom overhaul at claims handler Helphire, ousting former Tory leader Michael Howard after the company posted a series of disappointing results.