Today Invesco Perpetual revealed Neil Woodford, the most famous fund manager in Britain, is leaving next year to launch his own business.
M&G's Graham French has told investors last year was one of the toughest periods of his career as his fund underperformed amid a torrid time for commodities.
M&G Global Dividend was the best-selling fund on Cofunds in August, while Mixed Investment 20-60% Shares retained its position as the most popular sector for the eighth consecutive month.
Mixed Investment 20-60% shares was the most popular sector in July for the seventh consecutive month, according to sales data from Cofunds.
The arrival of the Retail Distribution Review (RDR) and the decision to stem flows into Richard Woolnough's corporate bond funds saw M&G's UK retail business suffer outflows in H1 2013.