Brown Shipley completes Solus overhaul

Brown Shipley has finalised its overhaul of its Solus fund range following overwhelming shareholder approval at the EGMs held on 12 August.

The changes, which were announced last month, will take practical effect on 17 August.

The mandate of its £18m MultiManager Balanced fund has changed, making it an income fund, while the £26m UK Flagship fund has absorbed the smaller £9m UK Special Situations fund. The company has also widened the number of asset classes available of fund managers.

Furthermore, Brown Shipley has outsourced the role of authorised corporate director to IFDS Managers and each fund will now have an IFDS prefix.

Brown Shipley remains investment manager and promoter of the funds, while administrative services provider IFDS will be responsible for operating and administering the Oeics.

"Brown Shipley now has an easily recognisable range of funds suitable for today's investment environment and investors' needs," says Peter Collier, marketing director at Brown Shipley.