Fidelity Worldwide Investment has overhauled the remit of Peter Khan and Ian Spreadbury's Global High Yield fund in order to diversify away from the US and increase exposure to emerging markets.
Quilter Cheviot, the UK's second-biggest independent wealth management group, has rejected a £600m bid from Old Mutual, according to a report.
Richard Pursglove has exited Artemis Fund Managers after just a year at the group.
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Multi-asset and equity products have driven net intermediary inflows of £3.8bn for Schroders in the first half of 2014, prompting a 50% hike in the group's interim dividend.