Bestinvest has reported a 33% rise in the number of poorly performing ‘dog’ funds over the past year with some major names faring badly, according to its latest ‘Spot The Dog’ fund report.

Redemption is a powerful force and it is likely to be the driving force behind fallen fund manager Neil Woodford’s unexpected comeback plans revealed this week.

Fund manager Jupiter has renamed most of the Merian funds it has acquired to bring them in line with Jupiter’s fund range.

The FCA is to work with the Jersey regulator to review plans by fallen fund manager Neil Woodford to stage a comeback.