Andrew Bell

Concerns grow following prolonged underperformance

F&C invests in 37 different countries

UK weighting reduced

Not 'acting proactively on behalf of shareholders'

Fund manager poll by the AIC

Needs to 'remain relevant' to shareholders

41st consecutive rise

Investec Wealth and Investment CIO Chris Hills and Schroder UK Mid Cap director Rachel Beagles have joined the board of the Association of Investment Companies.

The Association of Investment Companies (AIC) has elected Peter Arthur to replace Andrew Bell as chairman.

Andrew Bell has reshaped 40% of multi-manager mandates in the £1.16bn Witan investment trust in a move towards a more active management style.