Baring Multi-Asset sees AUM halve in a month after managers exit

The Baring Multi-Asset fund has lost over half of its assets in a month after Andrew Cole, Percival Stanion and Shaniel Ramjee left the group.

The fund was over £1bn in size on 13 August, when the group announced the departure of managers Stanion (pictured), Cole and Ramjee. The trio are to join Pictet Asset Management. Since then, the fund has fallen by more than half in terms of AUM, standing at £491m in size at close of play yesterday, according to data from FE Analytics. The falls come despite gains for the underlying portfolio, which has climbed 3.5% over the period. Rod Aldridge, head of UK wholesale distribution at Barings, said: "Since we announced the changes to our team we have experienced some outflows from the...