Managed

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.

CREDIT Suisse Asset Management (CSAM) stands to lose over a third of its retail funds under management in the UK following the shock resignation of joint heads of multi-manager Robert Burdett and Gary Potter.