Board accused of 'failure to consult significant shareholders'
Previous MD Fergus Lyons takes on different role within firm
HK manager also runs former Merian China Equity fund
Highlights strong performance of Fundsmith Equity fund
Inflows to equity funds drifted lower in July
Sustainable, tech and fixed income set record highs
Outsized one-off payments to dissipate next year
Ethnic minorities and women being sidelined