Premier Asset Management has streamlined its fund range in a move to broaden its appeal in the wealth management market.
Premier's David Hambidge is expecting the FTSE to break through a record high this year, following an unprecedented start to 2013.
Premier is planning to merge Chris White's £30m Premier UK Alpha Income fund into Chris Wright's £10m Premier European Optimum Income fund, which is undergoing a change in investment strategy.
Premier has hired former Framlington CIO Neil Birrell to run its £63m Alternative Strategies fund, after co-manager Raj Hallen exited the firm.
The Premier Multi-Asset High Income fund has been renamed and will now pay monthly, rather than quarterly, income to investors.