Managed

HENDERSON'S multi-manager team has been building its positions in equity income funds recently as it continues to avoid bond portfolios.

Robin Phipps, executive director with responsibility for UK business operations at Legal & General, has announced he will stand down on July 13.

COLLINS Stewart is launching a UK best ideas OEIC which will target businesses with an identifiable catalyst for a re-rating.

BARING Asset Management (Barings) has applied for distributor status for its range of three multi-asset fund of funds portfolios, making them more appealing to the UK market.

BAILLIE Gifford has reported almost half of OEIC sales in 2006 came through multi-manager funds.

IFA firm Falcon Group has launched an OEIC with two sub fund of funds managed by Premier Asset Management.

GARTMORE Multi-manager team is ditching its holding in the Credit Suisse UK Property trust, Professional Adviser has learned.

A FURTHER three members of the Credit Suisse multi-manager team have walked out.

F&C's multi-manager team has joined forces with Distribution Technology to create a suite of new fund of funds products tailored to four different risk profiles.

7IM has launched its long-awaited Ethical fund under its OEIC umbrella in conjunction with specialist investment firm Sarasin Chiswell.