Scott returns to F&C but will not manage funds

Ted Scott will return to F&C after a period of ill health but will not manage money. Scott is due...

Ted Scott will return to F&C after a period of ill health but will not manage money.

Scott is due to rejoin the F&C team in June where he will provide macro-economic analysis and advice on market strategy across the UK equities desk.

Hilary Aldridge, who has been deputy fund manager alongside Scott on the F&C UK Growth & Income fund since 2005, and who has co-managed the fund on a caretaker basis since November 2008, has been appointed lead manager. The fund is third quartile with a return of -29.32% over one year to 6 May 2009, according to Lipper.

Lead management responsibility on F&C's flagship UK equities ethical products, the Stewardship Growth and Stewardship Income funds (and their mirror life and pension products) is being reassigned to Catherine Stanley, F&C's head of UK smaller companies.

Phil Doel, director of UK Equities, has been appointed as lead manager of UK Equity Income, while Peter Lees will formally take over as the lead manager of F&C UK Equity.