Timing of China business trip expected to leave Woodford Equity Income investors ‘appalled’.
The former OMGI Asian equities manager will be based in Hong Kong.
Fixed income remains fund house’s Achilles’ heel as smaller rivals enjoy asset growth.
Compliance issues that resulted in Tim Haywood’s exit hit the firm’s reputation and flows.
The US asset manager Federated Investors has bought a 60% stake in Hermes Investment Management from the UK’s BT Pension Scheme in a £246m ($344m) deal.