Old Mutual has broadened the parameters of Stephen Snowden's £780m Corporate Bond fund, allowing the manager to move duration to zero to mitigate interest rate risk.

Neptune's Ted Alexander has turned over almost 100% of his UK Equity fund since taking over the mandate three months ago.

North's John Husselbee has been increasing risk within his multi-manager portfolios by upping his exposure to Asian equities during the market sell-downs towards the end of last year.

Polar Capital is closing its Discovery fund, a global macro hedge fund run by Paul Lambert.

SVM has closed its Balanced Managed fund due to a lack of investor demand.

BlackRock's Bob Doll believes US equities will see a third consecutive year of double-digit percentage gains.

Henderson is to merge away both its UK and European Opportunities funds as part of its rationalisation programme following the acquisition of New Star.

PIMCO's CIO Bill Gross has recommended investors look to non-US dollar bonds on the view the US dollar will continue to devalue.