Platforms are racing to update their conversion programmes as advisers complain about hefty charges when switching clients into clean share classes.
Richard Buxton and Philip Matthews have both slipped into the bottom quartile of the UK All Companies sector on a six-month view following their moves to Old Mutual and Schroders respectively.
Multi-managers are continuing to turn to commercial property as they seek to combine capital growth with new income streams.
Multi-asset managers have begun to add exposure to emerging market debt (EMD) after yields on dollar-denominated debt rose above those on junk bonds for the first time since 2005.
Investors have sunk nearly £35bn into underperforming funds, with Fidelity the worst offender by number of products, according to Chelsea Financial Services.