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Reporting to Philippe de Weck, equities CIO at Pictet
Spent 12 years at Brewin Dolphin
Extra burdens for largest firms
Total funds up 3.7%
Pre-tax profits up 8%
Lee Manzi to run multi-asset funds
Up 0.1% from Q1
Research by multi-manager team
Spent five years at Charlotte Square
TERs of 0.50%