F&C has been replaced as manager of the £290m Foreign & Colonial Eurotrust following prolonged underperformance.
The company, managed by F&C's Peter Jarvis, has fallen 24.3% over three years against an AIC European Investment Trust sector average rise of 1.4%. Edinburgh Partners, which currently manages two global investment trusts valued at £130m, has been appointed as the new manager of the company from 1 February 2010. It is also expected the company will be renamed the European Investment trust from this date. The new investment team is led by Sandy Nairn with Dale Robertson stepping in as the company's portfolio manager. Edinburgh Partners will be entitled to an annual management fee of ...
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