Standard Life wins £100m trust mandate - papers 20th Oct

clock

MERRILL LYNCH, JPMorgan and Jupiter Asset Management have lost out in the battle to manage the £100m Deutsche Equity Income Trust (DEIT), reports The Times .

Standard Life was named yesterday as the winner of the mandate, which was put up for grabs when Deutsche Asset Management (DeAM), the incumbent manager, was sold to Aberdeen Asset Management, says the paper. The board of DEIT decided to seek a new manager when it became clear Graham Ashby, of DeAM, would not be transferring to Aberdeen. Karen Robertson, of Standard Life, who already runs the strongly performing £117m UK Equity High Income fund, will manage the trust. Standard Life has also agreed a reduction in fees. It will receive 0.65% of funds under management and has agreed to...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on uncategorised

Scotland Investment Roadshow 2024: Last chance to join PA in Edinburgh and Glasgow

Scotland Investment Roadshow 2024: Last chance to join PA in Edinburgh and Glasgow

The Scotland Investment Roadshow kicks off next week

Professional Adviser
clock 18 September 2024 • 2 min read

Building Society-owned Newcastle Financial Advisers acquires Openwork firm

First of a number of acquisitions

Hannah Godfrey
clock 09 December 2019 • 1 min read

Bond managers fear hedges being undermined as liquidity dries up

The recent sell off in the bond market and growing liquidity issues have forced bond investors to use similar hedging techniques, undermining their effectiveness and causing concerns about how much downside protection funds really have.

Anna Fedorova
clock 03 July 2013 •