FCA to explore flexibilities
'Substantial contribution' to the investment industry
Warning sector could halve in next few years
CEO favours 'small is beautiful' business model
Joins in new role as head of UK equity research
Fund managers are concerned the Chinese central bank's shock move to devalue its currency could lead to the renminbi depreciating further, sparking heightened capital flight from the region and the rest of Asia.
Baring Asset Management has launched a multi-asset income fund for former Schroders manager Sonja Laud, targeting the UK retirement market.
Schroders has expanded its £76bn multi-asset team further with two hires as it focuses on building this part of the business.
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.