Barings' Toby Nangle has joined Threadneedle as head of multi-asset.
The output gap sounds like one of those obtuse concepts bandied about by professional economists to confuse the hell out of ordinary folk.
Aberdeen's multi-managers have cut cash weightings in their portfolios by as much as two-thirds in anticipation of an improved economic environment.
While the IMA considers how to rename the Managed sectors, Cautious mandates storm ahead of peers over testing three years.
Vanguard has launched the LifeStrategy range, a suite of five fund of index funds with low annual management charges.