Morillo to manage three Investec European funds

By James Thorneley The former manager of Scottish Widows European fund Albert Morillo is to manage Investec Guinness Flight's European unit trust and two offshore funds from mid-March. Morillo, based in Edinburgh, runs European equity funds for the US boutique fund manager BlackRock. Last week Investec and BlackRock established a distribution and investment advisory agreement, subject to appropriate approvals. Under the agreement BlackRock has been appointed investment advisors to Investec's core retail European equity funds - one unit trust and two Guernsey funds. In return Investec ...