Seven of the UK's largest asset managers are teaming up to gather information on end investors' needs in a move which could trigger changes to their fund ranges.
Randeep Somel has revealed his plan to steer the M&G Global Basics fund back to the top of the performance tables, telling investors "no-one else does this kind of portfolio".
Today Invesco Perpetual revealed Neil Woodford, the most famous fund manager in Britain, is leaving next year to launch his own business.
Flows into multi-asset products have been growing consistently in recent months, and multi-asset now constitutes 11% of the UK funds market.
The leader of a £1.5bn bid to take over 315 branches up for sale by Royal Bank of Scotland (RBS) has warned the lender it must take the offer seriously.
Threadneedle has announced the shortlist for the sixth annual Threadneedle Prize, a competition for figurative and representational painting and sculpture.
Asset managers are entering an era of fund rationalisation as cost pressures mark the beginning of the end for oversized product ranges, according to Threadneedle's Nick Ring.