Tulloch takes over Cazenove emerging fund

Angus Tulloch of First State has taken over the running of Cazenove's £40m Dublin-based emerging markets Oeic fund. He is gradually restructuring the portfolio to align it with the onshore First State Global Emerging Markets fund he also manages. Robin Minter-Kemp, managing director of mutual funds at Cazenove, said: 'We are not setting a precedent here and are not looking to become a quasi-multi-manager. This is not an area in which we had a great deal of expertise to compete with the peer group and First State is one of the best in the business. Instead, we want to compete in core...