Merrill Lynch Investment Managers' chief investment officer is to manage the newly launched offshore...
Merrill Lynch Investment Managers' chief investment officer is to manage the newly launched offshore US Flexible Equity fund.
Bob Doll, based in Princeton, is to manage the fund launched on Merrill's MLIIF Luxembourg-based Sicav range of funds. It has been designed as a multi-cap fund seeking capital growth from the stock universe in the Russell 1000 Index, which includes both large and medium cap stocks.
Doll will manage the fund using a business-cycle approach aimed at producing strong relative returns in all market conditions, avoiding any rigid style such as value or growth.
Doll, who joined Merrills in 1999, already manages $2.14bn in assets in US large cap mandates.
He said: 'The US Flexible Equity Fund is a solid addition to MLIIF and completes the international US equity fund range. MLIIF now offers a full suite of products in this important asset class.'
The fund is to be marketed in the 27 jurisdictions in which the MLIIF range of funds is available, including the UK.
For further information visit: www.mlim.co.uk or call 08457 405 405.
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