Managed funds

Old Mutual Global Investors (OMGI) is proposing to merge away the Skandia UK Best Ideas fund of funds next month, Investment Week can reveal.

Investec Asset Management has scrapped the initial charge on its UK OEIC fund range, which includes high profile funds such as Alastair Mundy's Cautious Managed portfolio.

Fidelity Worldwide Investment has raised the AMC on two of its multi-asset funds as part of the rebrand and restructure of its multi-manager range.

Fidelity Worldwide Investment has expanded its multi-asset range with the launch of a trio of new strategies for its multi-manager team.

Iain Stewart has gained a co-manager on the £3bn Newton Balanced fund, enabling him to spend more time running his £7bn Real Return fund.

Dawn Kendall has left her role as senior fund manager at multi-manager Architas, Investment Week can reveal.

Schroders edged back into the top ten asset managers by fund sales in Q4 as investors showed renewed interest equities, the latest Pridham Report has revealed.

Jupiter has launched the Merlin Real Return fund for Algy Smith-Maxwell as it shuts the manager's Jupiter Equity fund.

The CF Miton Special Situations and CF Miton Strategic portfolios have fallen from the top of the IMA Flexible Investment sector to the bottom on a one-year view because of the managers' view on equities.

Jupiter's Merlin multi-manager team have shifted their UK equity allocation within the £1.7bn Merlin Growth portfolio in order to gain exposure to active managers looking across the FTSE 350 spectrum.