F&C strengthens MM team

Carne will report to Dean Cheeseman, head of fund of funds, who has led an undersized team since the departure of previous head Richard Philbin, who left for the AXA-backed Architas, and analyst Anna O'Donoghue. Carne joins F&C from Crosby Forsyth, where he previously worked with Cheeseman, and has been head of risk & portfolio analysis since 2001. He has been responsible for portfolio construction, risk management, asset allocation, devising derivative overlay strategies for multi-manager portfolios and the development of the businesses' quantitative capabilities. The latter included...