Scottish fund managers have suffered outflows in recent months amid increased uncertainty over the outcome of the country's independence referendum.
The cyclicality of listed asset management businesses has been called into question as big names spring dividend surprises and attract the interest of UK equity income managers.
Scotland's fund industry is lining up tax and legal specialists ahead of the independence referendum, as some predict continuing uncertainty whatever the result.
Aberdeen Asset Management has seen double the outflows it expected from its funds following completion of the SWIP takeover.
Short-termism can be seen across many sectors of the financial world, but are fund managers becoming too short term in their investment outlook, and how can the industry fight back against this trend?
Former SWIP duo Mark Harries and Simon Wood are to take over the Aberdeen multi-manager range as Aidan Kearney exits and Graham Duce moves to the multi-asset team, Investment Week can reveal.
Fund managers have been feeling the squeeze on pricing this year, with distributors including Hargreaves Lansdown forcing down headline prices on funds as businesses adapt to the new world.