Barings' Andrew Cole has slashed the equity weighting on his £28.1m Multi Asset fund by 15% in favour of government bonds as his team becomes increasingly risk averse.
Aberdeen's multi-manager team have sold out of their position in Tom Walker's £677m Martin Currie North American fund and made a string of changes to their Ethical portfolio.
BlackRock is to launch two passively-managed funds of funds investing in a selection of the firm's equity and fixed income tracker funds.
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.