Liontrust

Former Ardevora partner Rob Page is to join Hermes Fund Managers as head of marketing and communications, as the institutional house pushes into the UK wholesale market for the first time.

Mickey Morrissey, head of third party distribution at Liontrust Asset Management, has exited the firm.

Liontrust Asset Management has posted a loss after tax over the year to March following a series of acquisitions for the firm over the last 12 months.

ON UK INCOME

BIG INTERVIEW

Asian investment house Lion Global Investors (LGI) has launched three funds into the UK, including an Asian Income mandate which it hopes can challenge the existing powerhouses in the sector.

Steve Bailey and Jan Luthman have added European food giant Nestlé to the £242m Liontrust Macro Equity Income fund as part of a wider play on consumer staples.

Liontrust's top performing fund manager Anthony Cross has backed Hargreaves Lansdown's shares to surge after the final rules around platforms and RDR are released.

Long seen as leveraged plays on the market, asset managers' improving cash positions may give them more defensive qualities as they face up to a changing fund management landscape.

Morningstar OBSR investment research analyst Richard Whitehall looks at which UK All Companies funds have managed to overcome the recent turbulent market conditions.