Schroder Income fund managers Nick Purves and Ian Lance are leaving the company to join boutique RWC Partners.

UK - Jupiter Asset Management has unveiled plans to list on the London Stock Exchange next month, which could potentially value the group at up to £1bn (US$1.44bn).

Jupiter Asset Management has unveiled plans to list on the London Stock Exchange next month, which could potentially value the group at up to £1bn.

Man Group has agreed to acquire GLG Partners in a deal worth $1.6bn.

UK - Man Group has agreed to acquire GLG Partners in a deal worth US$1.6bn.

Bond managers fear for gilts and sterling in the coming days and weeks as the markets react poorly to the reality of a hung parliament.

The FTSE 100 plunged 1.71% or 89.76 points to 5171.23 this morning as shares were hit by the prospect of a hung parliament in the UK and worries over the Greek debt crisis.

Gilts and sterling are falling sharply this morning as investors react to the likelihood of a UK hung parliament.

F&C Asset Management plans to acquire boutique fund group Thames River Capital in a deal worth up to £53.6m.

Peter Hargreaves' wealth has more than doubled over the past year by £260m to reach £570m.