Swip Multi-Manager has hired FOUR Capital Partners to manage a mandate for its UK Equity Focus fund with an initial size of £256m.
The managers of the Henderson Managed Distribution fund have added put options and a short equity index future into the portfolio on expectations of near-term pressure for stock markets.
Evercore Pan-Asset has launched two new risk-profiled funds after receiving FSA approval.
The first half of 2010 saw a deluge of multi-asset fund launches.
ON ASSET ALLOCATION
T. Bailey has promoted assistant manager Elliot Farley to head up its £36m Cautious Managed fund.