Omam's Murphy cautious on UK in short term

Old Mutual is unveiling its latest fund manager recruit at the forthcoming Investment Update roadsho...

Old Mutual is unveiling its latest fund manager recruit at the forthcoming Investment Update roadshows taking place around the UK in May. Former M&G manager Simon Murphy, who took on the Old Mutual UK Select Equity fund earlier this year, will be explaining the changes he has made to the portfolio and outlining his strategy. Murphy is cautious on the outlook for the UK equity market over the next six months but believes better times lie ahead. He said the credit crisis is being worked through, helped by supportive central banks, but warned it is too early to say the situation is over....