Old Mutual takes on Hill Samuel team for launches

Old Mutual Asset Managers (OMAM) is looking to launch a stable of actively-managed developed market unit trusts, writes Robert Stock. OMAM has secured the services of a team of lead fund managers from Hill Samuel, headed up by John Ainsworth. They were initially expected to join the combined Capel Cure Sharp (CCS) and Greig Middleton (GM) business, instead Ainsworth was named chief executive of OMAM. The combined CCS and GM businesses are still to be branded under the name Gerrard Asset Management when their merger is completed, despite reports to the contrary. The Hill Samuel team inclu...