Managed

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.

NORTH Investment Partners' John Husselbee has been appointed as manager for two new multi-manager portfolios launched by adviser firm, Johnston Financial.