Previous assumptions "no longer tenable"
Fund value plunges 94% over three years
Business has diversified to four portfolio management teams
Calls for "new energy and impetus"
Spotting signs that other UK funds could suffer similar issues
Record organic asset growth
AUM settles at £13.8bn from September's £14.7bn peak
Research from Morningstar
Smaller funds still packing a punch
Total assets reach £33.8bn
Lack of new business