British fund manager Schroders restructures business, cuts jobs
Share:
LONDON (Reuters) - British asset manager Schroders is restructuring its business to put more emphasis on growth areas such as private assets and wealth management, it said on Wednesday, in a move that will lead to job cuts.Managers who make active investment decisions have been struggling to outperform markets in recent years, heaping pressure on them to lower their fees as more investors opt for cheaper, index-tracking funds.Schroders said in a statement it was "realigning our resources...to..