Gartmore shareholders have voted overwhelmingly in favour of the group's takeover by Henderson Global Investors, with almost 99% of voters approving the proposals.

PIMCO has soft-launched its Select UK Income Bond fund with its largest allocation to asset-backed and mortgage-backed securities.

Gartmore's annual results, released today, show £7.2bn of assets left the firm in 2010, compared to a net inflow of £300m in 2009.

The former head of multi-manager at F&C, Dean Cheeseman, has joined Mercer as an equity portfolio manager within its investment management business.

Schroders' head of multi-manager Andrew Yeadon has left the firm after a merger of its multi-manager and multi-asset teams.

Sherborne Investors has won its fight to oust members of F&C's board, receiving a majority vote at a general meeting held today.

US - PIMCO's co-CIO Bill Gross has hit out at US policymakers for introducing "devilish policy tools" to rebalance US debt, effectively "robbing savers".

US - PIMCO's co-CIO Bill Gross has poured $4.4m of his own money into five municipal bond funds run by the group in anticipation of a rally, Bloomberg reports.

The Comprehensive Spending Review is necessary to bring the UK economy "back from the brink", says Chancellor George Osborne.

IRELAND - The Republic of Ireland is preparing for a bond auction later today, which will reveal investor confidence in the strength of the economy.