Multi-manager

MILTON'S £41m Global portfolio has returned to near full investment after a period of holding up to 35pc in cash and a further 15pc in defensive sectors.

SCHRODER will write-off the initial 5pc charge or pay it in full as IFA commission on its multi-manager portfolios between November and next April.

skandia investment management

Credit Suisse Asset Management has unveiled plans to merge its recently-purchased Artemis Fund of Funds into its own multimanager offering, through a two-stage process.

Multimanager investment funds have been granted a reprieve from the possibility of an additional 10% tax on their investments but those in qualifying investor schemes will still be hit.

Standard Life Investments has this morning exapanded its move into the multimanager market with the launch of seven manager of manager funds inside its sigma mutual fund suite.

Raj Hallen has left Premier Asset Management to join the multimanager team at Skandia.

Online funds information service Financial Express has unveiled a new section on its TrustNet site providing price and performance data on multimanager funds.

Zurich Assurance has a lunched a new multimanager fund which guarantees the unit price will always be worth 80% of more of it highest value.