ISIS Asset Management has announced a split in responsibilities for the different parts of its Equit...
ISIS Asset Management has announced a split in responsibilities for the different parts of its Equity & Bond Income fund: James Foster will managed the fixed income part, and Rodger McNair will managed the equity part.
Overseeing asset allocation in the fund will be ISIS' chief investment officer Robert Talbut, who says he "can't wait to be more directly involved".
The change will be followed by a reduction in the annual management fee to 1.25% from 1.5%
ISIS also says that the split between equity and bond holdings in the fund will be flexible to take advantage of higher equity returns when those are prevalent, but also being able to boost the bond holdings in order to make the fund more tax efficient during distribution periods.
Another company announcing a change of personnel is wealth manager Gerrard Limited, which has appointed Richard Marshall as technical analyst supporting the company's stockpicking process.
With thirty years of technical analysis behind him, Marshall will be called on to make calls on the timing of both strategic and tactical transactions.
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