Peter Rains replaces Philip Manduca at Morley

Morley Fund Management has appointed Peter Rains as head of alternative investments following the departure of Philip Manduca in August. Rains is currently head of fixed income at Morley and will retain this position in addition to his new role, splitting his time roughly 80/20 between fixed income and alternative investments. Rains' early priorities will include developing business plans to launch new funds with head of investment trusts Neil Smith, and building the group's hedge fund capabilities

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