City Financial is to merge its Multi-Manager Income fund with the Global Multi-Strategy fund, subject to unitholder approval.
The merger will create the £35m City Financial Multi Asset Balanced fund, managed by head of multi-asset Mark Harris (pictured).
Graham Glass's £90m Strategic Global Bond fund is being renamed the City Financial Defensive Global Bond fund as part of an objective change to invest more cautiously.
Head of UK asset management Ed Rosengarten said: "City Financial is committed to delivering expertly managed and scalable investment solutions to our clients.
"Part of this strategy involves continually assessing the fund range to ensure we continue to offer a compelling proposition to investors.
"The name changes and refined objectives of the City Financial Global Multi-Strategy fund and City Financial Strategic Global Bond fund will provide clarity, better reflecting each fund's true nature and ensuring consistency across our fund range."
The firm is also set to launch a number of new share classes, as well as reclassifying its existing share classes to improve consistency across the fund range.
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