Old Mutual Global Investors has revamped its Generation range of multi-asset funds following the development of a combined multi-asset division with Quilter Cheviot and Old Mutual Wealth.
The group is to rename the funds, close two funds and launch a further portfolio to ensure it has a rounded solution for advisers' seeking to help clients who are at or close to retirement. However, the group is also removing explicit income targets and adjusting the fees charged in what has been a busy week for its multi-asset division. Earlier this week, OMGI announced it was creating a multi-asset division combining the investment solutions from Old Mutual Wealth and Quilter Cheviot. The move resulted in the departure of John Ventre and François Zagamé, who ran the Spectrum and...
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