Raiffeisen Capital Management is to move the global equity portions of a number of its funds from Capital International to Investec from this summer.
RCM is to concentrate on its areas of expertise – continental and emerging Europe – for its existing range of equity, bond and money market funds – which are all domiciled in Austria but are registered for sale in the UK among other markets. Investec is to take on the fund management of the Global Equities, US Equities and Pacific Equities portfolios as well as the equity portion of the Global Mix fund and the corresponding institutional funds. It replaces Capital International, which RCM has worked with since 1995. Simon Mansell, RCM’s London-based sales manager, said: “Reasons for the d...
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