Trust has agreed to lower the overall fee to 12.5% of adjusted NAV above a high-water mark
In just over a year the value of the investment had plummeted to £5m
NAV has fallen more than 40% in a year
The former CEO will exit after nearly three decades to focus on his external non-executive positions
Average annual return of 10 most expensive strategies was -17.3%, with some customers paying nearly 2.5%
Details of new CEO Matthew Beesley’s plans to reshape asset manager start to emerge
JP Morgan AM and Jupiter managers among those reluctant to tap into climbing gilt yields
As Keith Skeoch, Andrew Formica and Phillippe d’Orgeval step down
He and Joseph Chapman are casualties of incoming CEO Matthew Beesley’s restructuring plans
‘Its retail focus and smaller scale increase its vulnerability to net outflows versus peers’
As Finsbury Growth & Income and a Baillie Gifford strategy make the grade
He takes up the role of head of flexible and absolute return