Schroders has become the first asset manager to come under fire for its gender pay gap in AGM season, as a prominent activist tells others in the industry to prepare to face tough questions.
Schroders is the latest manager to report a hit to total assets over the first quarter as fund groups cope with higher volatility.
Schroders has made two appointments to its Global Multi-Sector Fixed Income team, nabbing Alan Wilson from State Street Global Advisors and promoting Robbie Boukhoufane from its fixed income and foreign exchange (FX) trading desk.
Jupiter Asset Management is set to see its worst quarterly flows in 19 years on fixed income outflows as analysts paint a bleak earnings picture for fund groups in 2018, despite claims the return of volatility would provide active managers a chance to shine.
The board of the Schroder UK Growth fund is dumping Schroders as its manager and replacing it with Baillie Gifford, citing continuous underperformance since inception as the reason behind the decision.
Schroders is replacing the fund manager on its fourth-quartile £438m European Opportunities fund and amending its investment approach.
Schroders revealed a strong full-year report this morning with net inflows at almost £10bn, compared to £1.1bn in 2016.
Wells Fargo Asset Management has hired a pair from Schroders to fill key senior roles in its London-based multi-asset team.
FE has stripped 26 managers of their Alpha Manager status in its latest rebalance, including Schroder’s Kevin Murphy and Nick Kirrage.
Difficult markets bring reversal of fortunes for Schroders, Marlborough and Chelverton UK equity income funds
The Schroder Value team has been cutting the number of stocks in its portfolios and raising cash levels owing to a lack of investable opportunities.
Schroders has handed incoming ex-Janus Henderson managers, Nick Kissack and Bill Casey, the reins of the Schroder UK Alpha Plus fund.
