Morse leaves fandc Investments
Ed Morse, F&C's head of investment trust business development, has left the firm, the latest in a series of high profile departures.
Ed Morse, F&C's head of investment trust business development, has left the firm, the latest in a series of high profile departures.
The amount of money ran by F&C Asset Management dropped by £1.4bn over the third quarter of the year, the latest interim management statement shows.
Paul Thursby and Peter Geikie-Cobb’s Thames River Global Bond Fund was responsible for the majority of intermediary outflows at F&C last quarter, as the performance of the fund continued to disappoint.
Jason Hollands, head of corporate affairs, and the four strong press communications team at F&C have been told their jobs are at risk as part of its continuing cost-cutting measures.
F&C Asset Management’s positive performance in Q4 was more than offset by negative outflows to see total AUM for the period drop by £2bn.
F&C Investments has confirmed Mark Nichols’ appointment to manage its European Growth and Income Fund, following the departure of Paras Anand to Fidelity Worldwide Investment. But a new head for the European team is yet to be decided.
As rumours circulate about the future of two multi-manager firms, the bigger picture is still a healthy one.
The activist shareholder who took on F&C’s Board earlier this year has been named interim executive chairmas as Alain Grisay, CEO, announces his retirement.
Peter Svododa has been brought in from Erste Group as a product specialist for the emerging market debt team.
Fidelity has just hired a new head of Pan-european equities – but is he any good?
Stuart Hastie will join F&Cs private equity funds team as an associate director.
Julie Dent will retire from F&C in September, handing over her British Assets Trust to Phil Doel.