Jupiter Asset Management's Peter Lawery, a key part of the group's Merlin multi-manager team headed by John Chatfeild-Roberts, is to retire at the end of the year.
Some of the largest multi-asset funds in the UK retail space have seen performance slump in recent months after they struggled to navigate a difficult summer.
Analysts at HSBC have suggested the popularity of balanced funds towards the end of 2012 was due to advisers attempting to maximise commission income before the implementation of new rules following the Retail Distribution Review (RDR).
UK Money Market funds swung back in favour in May as investors looked to shelter money amid the ongoing eurozone debt crisis, according to figures from FundsNetwork.
The Mixed Investment 20-60% Shares sector continued to prove popular with investors in May, figures show.
Adventurous, balanced or cautious, Maria Merricks looks at this season's most popular funds for ISA investors...