schroders

CEO favours 'small is beautiful' business model

Pair join DFM team at wealth manager

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.

UK equity managers are the biggest winners in the latest bi-annual rebalancing of FE Trustnet's Crown Ratings, with 51 funds gaining the top accolade of five crowns.

Schroders has appointed private equity specialist Rhian Davies to the board as an independent non-executive director.

Square Mile Investment Consulting & Research's Richard Romer-Lee analyses the impact of another fund's departure from the Investment Association's UK Equity Income sector.