Managed funds

Schroders has promoted Rob Hall to head of multi-manager and handed him co-manager responsibilities on a trio of funds.

Legal & General Investment Management's Simon Ellis has warned the low-cost active funds entering the market are not viable options for investors because of their low return targets.

ON ASSET ALLOCATION

Fidelity has launched low-cost versions of its Multi Asset fund range, run by Trevor Greetham, following moves by peers including Schroders to offer similar investment products.

In the latest Conjecture debate, our panellists from Aviva Investors, Rathbones and S&P discussed Multi-manager.

PUTTING OUT THE FIRE WITH GASOLINE

Fidelity's Ian Spreadbury and Jupiter's John Chatfeild-Roberts were named joint winners of Outstanding Fund Manager award at this year's OBSR Awards, held last night in London.

Former Henderson multi-manager head Mark Harris is to join Eden Financial next week to co-manage its multi-asset fund.

Schroders has expanded Johanna Kyrklund's multi-asset team with the appointment of Matthias Scheiber as fund manager.

ON ASSET ALLOCATION