AJ Bell has promoted Ryan Hughes to be its new investments director to lead its range of multi-assets funds and the managed portfolio service for financial advisers.

Three property funds have been suspended from dealing due to ‘turbulent’ market conditions and another remains suspended from last year.

Jupiter Fund Management has revealed plans to takeover rival Merian Global Investors in a move aimed at creating a more diversified asset manager and cutting costs.

A Japanese fund - Legg Mason Japan Equity - has topped the best performing funds over the past decade but the best performers were a mixed bag with no single sector dominating.