SAM hands three managers UK Equity MM mandates

SAM has given new mandates to BlackRock, Newton and its own Richard Moore – in addition to the existing State Street mandate. The changes affect the Santander Multi-Manager Equity, Growth, Cautious and Balanced funds. SAM says BlackRock’s Mark Lyttleton and Nick Osborne were selected because of a strong track record in running the firm’s UK and UK Dynamic funds, while the Richard Wilmot-run Newton UK Growth fund will complement the portfolio’s management style. Moore, the SAM UK Growth fund manager, was chosen after turning around the flagging vehicle’s fortunes since he assumed control ...