Luckraft to hand over control of his High Income fund

George Luckraft is likely to hand over the management of the £110m Framlington High Income fund to h...

George Luckraft is likely to hand over the management of the £110m Framlington High Income fund to his colleague Chris Armstrong. The move would enable Luckraft to concentrate on managing his flagship portfolios, the £767m Equity Income and £101m Monthly Income funds, as well as the long/short equity income hedge fund. Armstrong manages the group's European Bond fund, of which half the portfolio is invested in UK gilts and bonds with the remaining being invested on the continent. Armstrong joined Framlington in September 2001, but started managing the European Bond fund two years ago. Ov...