Investec Asset Management is to move its two pan-European funds in-house and end BlackRock's contract on the portfolios. James Hand takes over as lead manager on the £11m funds. BlackRock will retain the contract to manage the group's larger Continental Europe fund for the foreseeable future. David Aird, managing director of Investec, said the move does not indicate the group would terminate its relationship with BlackRock manager Albert Morillo. While Aird acknowledged Morillo has suffered poor performance in recent years, he said this has improved over the past six months. "In our vie...
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