‘Too big to fail' asset managers could suffer the equivalent of a banking run if a strategy began to suffer, the Bank of England's financial stability director has warned.
Polar Capital's chief executive Tim Woolley has sold 500,000 shares in the company for almost £2.4m.
Walker Crips Group is continuing to pursue its growth agenda after a successful last quarter of 2013, with assets under management jumping by 33% over the year.
Need for advice among high-value investors still increasing.
Consolidation has been the watchword in the asset management sector this year and, consequently, the structure of the funds industry is changing as rapidly as the City skyline.