Witan Investment Trust, one of the largest and oldest in the industry, is not looking to tie in any major changes to its multi-manager mandates simply because it will have three-year performance data to hand later this year.
The near century-old company put in place its current structure by September 2004, which means the relevant performance data will be available by the third quarter this year. Mandates are currently in place with Henderson Global Investors, Southeastern Asset Management, MFS International, Wellington Management Company, Brandes Investment Partners and APS Asset Management. However, James Budden, marketing director, says the 60,000 investors in the fund should not be under the impression any possible manager changes will come about only because of a three-year snapshot. Portfolios ar...
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