Farthing and team depart Old Mutual

Management of the European funds at Old Mutual Asset Managers is to be moved to the group's quants-driven structured equity team following the departure of its European managers this week. Fund manager Adrian Farthing, along with Alan Porter, Stuart Taylor and Prash Arora left OMAM on 29 July. OMAM director of retail and institutional sales Andrew Lightbown said the team had left 'because the performance of the funds wasn't satisfactory' but declined to comment on whether the departures were voluntary. 'Adrian was expected to achieve upper-quartile performance but the funds have done...