Weston joins Old Mutual team

Old Mutual Asset Managers (OMAM) has appointed fund manager Simon Weston to its new Global Markets team headed by Fiona Hathorn, writes Robert Stock. Weston worked with Hathorn at Hill Samuel Asset Management (HSAM) as an investment manager in the Far Eastern and emerging markets team. Prior to working at HSAM, Simon was at Lloyds Investment Managers from 1987 and joined Hill Samuel during the merger between the two companies. The news comes as OMAM announced a move to cut charges from 1 January. Initial charges on OMAM's unit trust range will fall to 4% from 5.5%. Initial commission...