The UK fund management industry faces complete transformation if the financial transaction tax - or Tobin tax - is implemented, commentators have warned.
The chief executive of Invista Real Estate Investment Management and three of his team have joined Schroders' property funds arm.
Schroders Richard Buxton has revealed the top ten stocks he is backing in his £2.7bn UK Alpha Plus fund heading into 2012.
Ian Maybury has joined Schroders in the newly created role of head of solutions management in its multi-asset and portfolio solutions group.
With equity markets around the world diving in the latter half of the year amid the turmoil in Europe and global growth fears, a number of funds were hit particularly hard.
2011 has been a year when some of the most popular emerging market managers paid the price for the breakneck growth of recent years, with investors fleeing to safe havens as equities tanked amid the eurozone debt crisis.
Schroders' star stockpicker Richard Buxton has apologised to investors in a conference call after his fund plunged down the rankings this year.
Schroders' Jenny Jones has increased cash in her £824m US Mid Cap fund to 9%, warning valuations in US markets are favouring large caps.
Managers believe sensible business plans will support housebuilders and offer greater scope to grow profits than government's stimulus package.