Odey Asset Management is to be effectively partially dismantled and its funds and staff moved to other managers following concerns about the company over a reported FCA investigation.

Fund manager Liontrust has agreed to acquire Swiss rival GAM to create a global asset manager with £53bn in assets under management.

The Financial Conduct Authority is seeking views on regulatory changes that might help the UK’s asset management industry, as well as better supporting the investors it serves and boosting competition.

The number of fund managers committed to net zero by 2050 has doubled to 81% over the past year but only two in ten (22%) have concrete carbon reduction plans, according to a new report.