LV= MM team backs in-house European ex UK fund

The fund has been part of LVAM's Balanced Managed and Stockmarket fund range since their launch at the end of 2007. LVAM's head of multi-manager and fund selection, Tom Caddick, says he added the fund due to its consistency in all market conditions. However, he admits using one LVAM's own funds could present a bigger obstacle than using outside funds. "To own an internally run fund there is almost a slightly higher hurdle," he says. "However we have owned the fund through our Balanced Managed and Stockmarket funds for some time now. On a relative basis it has rewarded us, and we are s...