Flemings alters US trust

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By James Thorneley Jonathan Simon is to replace Alexander Fitzalan Howard as manager of Fleming Amer...

By James Thorneley Jonathan Simon is to replace Alexander Fitzalan Howard as manager of Fleming American investment trust. The move is part of Fleming's ongoing strategy of managing portfolios from local bases Simon, president of Fleming Asset Management USA, will officially take over in the middle of November. He has been running the group's offshore Flagship American fund since its launch in 1998. In addition he has been managing the Jardine Fleming American Growth fund since 1991. He said the portfolio is unlikely to be run any differently to how it is now. But added the investment te...

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