Old Mutual restructures

By Robert Stock Old Mutual Asset Managers (Omam) has restructured its two European retail equity unit trusts following the arrival of fund manager Adrian Farthing. Farthing, previously at Hill Samuel where he ran the TU European Growth unit trust, has shifted the European and European Growth funds to a broad-based, bottom-up investment style. This marks a strong change of direction from the quantitative-based approach used previously. The European Fund is to be positioned as the core offering to retail clients to rival top end funds such as Gartmore European Select Opportunities and Inv...