Large asset managers are responding to the prospect of their best and brightest fund managers leaving to set up their own firms by increasingly offering “revenue sharing” deals, according to consultants.

Last month, Invesco Perpetual confirmed that multibillion-pound fund manager Neil Woodford has called it a day and is setting up on his own next April. In doing so, Woodford will be joining an elite group of individuals who have walked away from the comfort of a global institution to start up their own outfit. However, asset management firms are reacting to the prospect of losing their talent and are offering revenue sharing incentives to try to get them to stay.