Odey Asset Management - including subsidiaries Brook Asset Management and Odey Wealth - is to close down following sex scandal accusations that engulfed its owner Crispin Odey earlier this year.

Wealth manager St James’s Place has temporarily suspended dealing in its £924m SJP Property unit trust and will cut the annual management charge for the time being by 0.15%.

Fund manager Fidelity has launched the Fidelity Global Future Leaders Fund, a new investment vehicle focusing on developed market small and mid-cap equities identified by the company as become future global frontrunners.

M&G Wealth has added the full PruFund range of funds to its M&G Wealth Platform.