FOUR Capital Partners is to expand its fund range with the launch of a US mandate run by new hire, and ex-ING manager, Adour Sarkissian.
Bill Gross has said that having too many decision makers in an asset management business can be detrimental to portfolios, following his sudden departure from PIMCO.
Jupiter Fund Management saw a net inflow of more than £1bn into its fund range in the nine months to September, a period in which it concluded the sale of its private client business to Rathbones.
Fidelity's move into passive funds
Other large caps may follow Tesco in cutting dividends