By Kira Nickerson When the Merrill Lynch UK Dynamic fund launched onto the UK retail market last ...
By Kira Nickerson When the Merrill Lynch UK Dynamic fund launched onto the UK retail market last year it inherited a AAA rating from Standard & Poor's based on the performance of its offshore predecessor. The rating was also due to the longevity and strength of its investment team, which had built up an impressive track record. The Mercury Offshore Sterling Trust UK fund, on which UK Dynamic is based, had been managed by Peter Davies, a member of the group's specialist team of eight that is used for high performance mandates, since 1997. Davies left the group earlier this year to...
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