Managed solutions

Gartmore is to merge its £2.2m UK High Alpha and £3.9m Global High Alpha multi-manager funds to run a new strategy targeting absolute returns.

A new European income fund of funds, to be managed by Sheffield-based Integrity Fund Managers, will launch on 7 July with a high yield remit.

Integrity Fund Managers is to roll out Elite Integrity European Income fund of funds, designed to fill a vacant position in the equity income sector.

Increased liquidity and narrow spreads have led to a stabilisation of markets, which is presenting interesting opportunities in credit markets, according to Keith Speck, head of multi-manager at Santander Asset Management.

F&C has begun the rebuild of its multi-manager team with the appointment of Paul Carne as fund manager.

Castlestone Management is to launch a fund of funds on June 30.

Thames River is launching Multi-Select fund of funds portfolio to be run by Gary Potter and Rob Burdett.

SVM Asset Management will expand its fund of fund range by launching new Cautious Managed and Balanced Managed offerings on 15 May.

Scottish Widows Investment Partnership has launched two funds of funds for its incoming multi-manage...

CAZENOVE Capital's five strong multi-manager team is to move to SWIP and be replaced by Gartmore's Marcus Brookes and Robin McDonald.