Departures hit Merrills

Bond fund managers Peter Geikie-Cobb and Andrew Fisch are the latest managers to resign from Merrill Lynch Investment Managers (MLIM). Geikie-Cobb formerly ran the £91.1m Merrill Lynch Global Bond fund, as well as institutional mandates, while Fisch managed purely institutional money. The resignations come at a difficult time for Merrills, following the loss of the pension mandates of Provident Financial Plc and the Co-Operative Group. The latter cited concerns over the number of high-profile fund manager departures at Merrills as part of the justification for its move. That view has...