Brian Gallagher, manager of the £22m UBS Equity Income fund, has left the firm, with his fund handed over to Edward Peter-Hoblyn and Richard Lloyd.
Patrick Cooper, chief executive and co-founder of Distinction Asset Management, has stepped down from the company, Investment Week understands.
Insight's multi-managers have opened a new position in the Neuberger Berman Global Floating Rate Income trust, the largest investment trust IPO the market has seen this year.
Insight Diversified Target Return fund is moving from the IMA Cautious Managed sector to the Absolute Return peer group to better reflect its investment process.
Richard Howarth is poised to increase the gross exposure of the Absolute Insight UK Equity Market Neutral fund following a drop in volatility across markets.