Framlington to run funds from London

Framlington is bringing the management of its European Bond and Gilt funds back to London, having pr...

Framlington is bringing the management of its European Bond and Gilt funds back to London, having previously outsourced management to HSBC Europe. Richard Pierson, who runs Framlington Financial, is to take on the Gilt fund, while Chris Armstrong will be responsible for the European Bond fund. The Gilt fund and the European Bond portfolio, launched in July 1989 and February 1999 respectively, were originally run by CCF, which owned 51% of Framlington. In 2000 HSBC bought out CCF's stake and the management of the two funds crossed over to HSBC Europe in Paris. Craig Walton, marketi...