Frank Russell drops JP Morgan

Frank Russell has removed JP Morgan and Montgomery from the group of investment houses it uses in its Dublin-based emerging markets fund, writes Jenne Mannion Existing manager Genesis will remain and will be a core manager along with new managers Foreign & Colonial and Schroders. These three will equally share management of 70% of the fund. Russell has also appointed value manager Sanford Bernstein and growth manager Nicholas-Applegate, which will each manage 15% of the fund Robert Barr, director of strategic relationships at Russell Funds Management, said styles of the previous manager...