Managed

Credit Suisse today received FSA approval to launch its new Multi-Manager Multi Asset Growth fund to retail investors next month.

JP MORGAN Asset Management's Cautious Total Return fund has recorded the best sales growth since launch.

FIDELITY is to complete the revamp of its multi-manager team with four new recruits, including Ayesha Akbar who will join in June as portfolio manager for Asian and emerging markets.

BAMBOS Hambi, head of multi-manager at Gartmore has stepped down from his position and Tony Lanning, currently deputy head of multi-manager, will now lead the team.

SKANDIA Investment Group (SIG) has outlined its plans for an innovative new fund offering access to a range of 10 alternative asset classes within a single structure.

Seven Investment Management (7IM) has launched four passively-managed multi-manager funds which it says will only invest in vehicles such as ETFs.

INDEPENDENT multi-manager specialist, IMS, has announced the appointment of RBC Dexia as administrator and custodian for its unique new multi-manager pooling platform.

The popularity of asset allocation funds, such as those in the Cautious, Balanced and Active Managed sectors, rose significantly last year during turbulent times for the markets, S&P says.

THE current challenging market conditions highlight the benefits of a good multi-manager, according to Gary Potter, co-head of multi-manager at Thames River Capital.

L&G has been chosen to manage Bradford & Bingley's £400m multi-manager investment portfolio.