Aegon Asset Management is dismantling its equity team and effectively clearing out 13 members of staff, says this morning's Scotsman.
Having only created the teams two years ago, the life office says its equity funds are underperforming so two fund managers and 10 analysts have been asked to leave with immediate effect, followed by Wendy Hay later this summer when she goes on maternity leave. Separate analyst and fund management groups are being abandoned in favour of three new teams says the Scotsman - the mainstream UK, headed by Tom Copland, mainstream international by Mark Peden and Stephen Adams on the tactical UK desks. A tactical international manager is still to be appointed, however, ceo Colin McLatchie say...
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