Chartwell doubts Haysey as manager of 'Peter Young fund'

Chartwell Investment Management is recommending its clients consider switching to an alternative European growth fund following the appointment of an unknown name in the retail market to manage DeAm's renowned 'Peter Young' fund. Deutsche Asset Management have announced that David Haysey will be taking over the running of their European Growth Fund, which was previously involved in a city scandal when in the hands of fund manager Peter Young. Young artificially boosted the performance of the Morgan Grenfell European Growth Fund by investing in unquoted companies that he himself had ...