Last summer's high-profile departure of star manager Percival Stanion from Baring Asset Management, along with two members of his multi-asset team, took its toll and played a part in the boutique's assets under management falling by more than 25% in 2014.
The exits of Stanion, who headed the multi-asset group at Barings, and managers Andrew Cole and Shaniel Ramjee in August last year once again triggered industry debate as to whether too much emphasis is placed on the importance of "star managers".