Morley Fund Management's US equity team, headed by Crispin Cripwell, has joined Rothschild Asset Management (RAM).

The move comes as the merger between CGU, Morley's owner, and Norwich Union nears completion.

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The European Union has a plan to counteract the swathe of tariffs U.S. President Trump is planning to impose on foreign goods, European Commission President Ursula von der Leyen said.

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The prospect of a radical escalation in the global trade war in the coming days has nearly doubled the probability of a recession in the U.S. economy in the next 12 months to around 35%, according to Goldman Sachs.

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Morley's US equities team jumps ship

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