Managed solutions

City Financial is to merge its Multi-Manager Income fund with the Global Multi-Strategy fund, subject to unitholder approval.

SMART MONEY

Absolute return providers have been forced to respond to capacity questions by changing fund remits or even soft-closing vehicles as flows into the sector leap this year.

SOAPBOX

MULTI-ASSET

ORPHANS

Brooks Macdonald, the AIM listed wealth management group, has reported pre-tax profits up 22% for the year ending June 2013, though warned of future pressures on margins.

Former Skandia senior portfolio manager Ryan Hughes is to join Apollo Multi Asset Management, Investment Week can reveal.

Invesco Perpetual has rolled out its first multi-asset fund strategy for former Standard Life Investments' (SLI) managers David Millar, Dave Jubb and Richard Batty.

Richard Romer-Lee and Nigel Whittingham have revealed details of their new consultancy business, nearly a year after the pair left Morningstar OBSR last October.