Merian North American Equity placed under review by interactive investor

Following acquisition news

James Baxter-Derrington
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Ian Heslop of Merian Global Investors
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Ian Heslop of Merian Global Investors

The inclusion of the Merian North American Equity fund on the Super 60 list has been placed under formal review by interactive investor as a result of Merian's impending acquisition by Jupiter.

No reason to withdraw recommendation was found at interactive investor's (ii) January 2020 annual review, but the recent changes marks a 'red flag' event, instigating a formal review. Alongside the acquisition, co-fund manager and co-head of systems Mike Servant has announced his retirement from the business in June 2020, itself a "red flag" event, ii said.  Ian Heslop will retain overall responsibility for the desk and the global equities funds will be managed using a team-based approach, while Sean Storey, who joined the firm in 2017, will be promoted to head of systems following Se...

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