MGM restructures multi-manager fund

MGM Assurance's Global Equity fund has dropped its UBS holdings in favour of managers at Odey, Genera...

MGM Assurance’s Global Equity fund has dropped its UBS holdings in favour of managers at Odey, Generation, Bedlam and Brandywine. The fund has adopted positions on Odey Allegra International fund (27.3%), Generation Global Equity fund (23.3%), Bedlam Global fund (29.3%) and Brandywine Global Equity fund (20.1%). Jane Houghton, IFA general manager, said: “MGM Assurance recently announced that it will be focusing on the IFA market for future product distribution. The changes to our global equity portfolio support that commitment precisely.”