Neptune

Focus on HNW clients in London

Also hired Milway from EFG Asset Management

Now shut around a third of fund range

This week's smartest investment commentary

Nine Aberdeen funds have made Tilney Bestinvest's 'dog list' of underperforming funds, as the SWIP acquisition and a US underweight in its global funds dragged on performance.

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.

Is there any value left in Europe?

Super clean and others; why fund groups took different approaches to passing on cheaper costs

Standard Life has secured discounts from 12 external fund groups across 291 clean funds, equivalent to an average AMC discount of 13bps.

Russia has said it expects outflows in the first quarter of this year to total $70bn as sanctions hit the country's economy harder than expected.