Old Mutual completes shake-up

Old Mutual has completed its fund rationalisation programme, cutting the number of funds in its range from 42 to 26. The exercise represents a tidying up of the group's fund range and will not affect Richard Woolnough's Corporate Bond fund, Richard Moore's UK Large Cap fund and Ashton Bradbury's Small and Mid Cap funds. The rationalisation does see Moore's Old Mutual UK Growth Trust and OM Gerrard UK Growth fund merge with the OM Gerrard UK Opportunities fund. The combined fund is now named Old Mutual UK Select Equity fund and has £72.5m in assets. Other significant mergers in...