Changes to M&G funds

M&G's chief investment officer, Vivian Bazalgette, and head of UK equities, Sam Morse, have given up their responsibilities to return to portfolio management. Ed Rosengarten, business manager at M&G, has become the chief executive of the equity team and will replace both Bazalgette and Morse. This will free up the pair to revert to their fund management skills, according to Phil Wagstaff, managing director for UK retail at the group. Five unit trusts are affected by the changes, with their managers either departing M&G or taking on other responsibilities within it. A further 10 analyst...