Philip Matthews has turned over almost half the holdings in the Schroder UK Alpha Plus fund since taking over the fund from Richard Buxton in October, Investment Week can reveal.
Schroders is to merge its Corporate Bond fund into the Cazenove UK Corporate Bond fund as it continues to streamline its range following the takeover of Cazenove Capital.
Some of the UK's leading fund groups are understood to be holding talks about their relationships with intermediaries and other partners following the release of new FCA rules.
Schroders is winding up its UK Core fund, Investment Week can reveal, calling time on its first offering in the 'low-cost active' space after failing to gather assets in the three years since launch.
After a year of stellar returns from Japan, investors are concerned the Japanese equity funds that beat competitors in 2013 will not be able to deliver again this year.
Schroders has increased its stake in Liontrust Asset Management to 23% following the boutique's latest results.
A new wave of outperformance for high yield debt plus a return to financing strategies seen pre-crisis have begun to alarm bond fund managers.