Market volatility is back with a bang. Given the US equity correction, Chinese markets turning negative year-to-date, and ongoing oil price volatility, it would be easy to think everything that could go wrong has done so this year.
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The first six months of 2015 have been a tale of two halves for asset managers, as some noted record inflows while others saw investors heading for the exit in droves.
Schroders saw its assets under management grow by 14% in first half of the year to £309bn, despite strength in the sterling reducing AUM by £10.2bn in the second quarter.