Merrills adds US Flexible to fund range

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,...