Baring Asset Management's flagship multi-asset fund has suffered outflows of £5.5 billion in the seven weeks since its founder and investment chief, Percival Stanion, announced his departure from the firm.

Barings has been one of the most successful UK asset managers in building a multi-asset business, and its Dynamic Asset Allocation Fund, run by Stanion, has been a popular choice with consultants who advise institutional clients on where to allocate money.