SocGen funds awaiting final FSA approval

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SG Asset Management hopes to get the go-ahead before Christmas to launch retail versions of its inst...

SG Asset Management hopes to get the go-ahead before Christmas to launch retail versions of its institutional US and corporate bond funds. The two proposed funds which were first reported in Investment Week earlier this year, will be run by Alan Torry and Stephen Peirce, respectively, and will benefit from the 1% discount on all Isa business on its existing unit trusts Torry who runs SG's technology and US institutional funds will manage the retail version of the US fund and the corporate bond fund will be run by Stephen Peirce who joined SG earlier this year to manage the institutional b...

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