Financial News reported at the end of July that some of Europe’s best asset managers are leaving their employers to seek fresh opportunities, as a revival in investor confidence boosts start-ups and recruitment. This trend has continued in recent weeks, with the number of portfolio managers changing employers reaching 40 in 47 working days.

On July 27, Financial News reported senior asset management executives said they were finding it significantly easier to prise people out of their jobs and headhunters described a window of opportunity to hire talented managers that they do not expect to close until next year.