Just over a year ago Baring Asset Management's flagship multi-asset Dynamic Asset Allocation fund was ticking along very happily as a favourite among consultants and investors.

Standing at £9.1 billion in size the fund - managed by the firm's multi-asset head Percival Stanion, alongside fellow managers Andrew Cole and Shaniel Ramjee - was regarded as a top performer in the increasingly popular diversified growth arena. In a sign of how attractive the fund was, in October 2013 the firm moved to manage its inflows by opting not to market the fund to new institutional investors.