A widely-predicted spate of fund mergers and consolidations has failed to materialise this year, with the number of funds being merged or closed dropping substantially.
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.
News that the UK's best known fund manager Neil Woodford is leaving Invesco Perpetual after 25 years has caused leading fund brokers to suspend their ratings of his portfolios.
Albemarle Street Partners has won a mandate to advise IFA group Newell Palmer on the management of its £500m advisory investment service.
Chelsea Financial Services (CFS) has highlighted ten funds which have consistently underperformed peers over the last three years, suggesting investors in these funds should rethink their allocations.
Chelsea Financial Services and Albemarle Street Partners are to launch a fund rating service early next year, targeting consumers as well as advisers and rivalling a number of existing agencies.