Old Mutual to merge asset management teams

Old Mutual has just announced it is merging the asset management activities of Old Mutual Asset Managers and Gerrard Investment Fund with immediate effect, under the watchful eye of John Ainsworth, chief executive of OMAM. Officials say it will be "some time" before it is decided who will manage the various funds and departments, however, Kenneth Levy (ceo of Gerrards), Steven Clarke, and Edward Warner (ceo of OMFS) will all remain in place behind John Ainsworth, who will now also be responsible for the performance of Gerrard's investment funds. The announcement to merge both asset ma...