Aegon replaces US head

Cooke, who was previously head of US equities for Allied Irish Bank Investment Managers, replaces Simon Carter, who has now left the business. He will be responsible for running both Aegon's North American portfolios, including its American Equity fund. The fund has ranked in the low-end of the IMA North American sector, coming 76 out of 79 companies for the three month average. Over the past year, it was down 28.6%, compared to the average of -16.4%, and ranked 74 out of an average of 77 companies in the sector. Cooke will report to the company's head of equities Innes McKeand and will...