Threadneedle confirms no managers to join from LVAM

No fund managers will be joining Threadneedle from LVAM following its £8bn outsourcing deal, as revealed by Investment Week earlier this month.

Key LVAM managers including Graham Ashby, Paul Kim and Richard Timberlake, will not be joining the firm. Threadneedle is renaming LVAM's retail OEICs, although there is no change to the fees, and no proposed immediate changes to the investment objectives or policies of the funds. All funds tagged LV= will now come under the Threadneedle brand. For example, LV= UK Equity Income becomes the Threadneedle UK Equity Income fund. Threadneedle's head of equities Leigh Harrison, along with Richard Colwell, will take on the UK Equity Income fund, while Mark Westwood will run UK Growth, and ...