Cazenove

Gartmore head of multi-management Tony Lanning has added the BlackRock European Dynamic fund to his portfolios, reducing his long-term underweight in the region.

GOSLING'S GROUSE

Paul Marriage's Cazenove Absolute UK Dynamic fund saw performance hit last month when his hedge fund was met with heavy redemptions. Both the retail fund and the hedge fund hold many of the same positions.

The FTSE 100's correction from its recent April peak is likely to continue to October and wipe a further 10% off the index's value, Cazenove technical strategist Robin Griffiths believes.

Docherty and Dean turn attention to names including Babcock, Sage and Experian

Cazenove's Julie Dean is bringing the UK Dynamic portfolio she inherited last month from Neil Pegrum into line with her large-cap biased UK Opportunities ahead of a merger of the funds.

Fund Intelligence investment director Chris Mayo has cut his weighting to Neil Woodford's High Income fund because of concerns over the UK economy.

FUND MANAGER FOCUS

Old Broad Street Research (OBSR) has suspended the A rating on Cazenove's UK Dynamic fund following news manager Neil Pegrum is leaving the firm.

Cazenove's Neil Pegrum is leaving the firm after five years to take up a role at Soros Fund Management.