Ashby and CSAM income range set for LV=

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Aberdeen looks set to sell the Credit Suisse income fund range to LV= Asset Management, with Graham Ashby and the team to join the group.

Professional Adviser's sister title Investment Week understands LV= will take control of over £600m worth of assets barring an eleventh hour change. Other names in the frame for the range over the past few months have included Premier Asset Management, while Gartmore is also among the firms understood to have made an initial approach. The Credit Suisse income team - which consists of Ashby, Marcus Chandler, Mike Crawford and Mira Bhogaita - are set to join Aberdeen on 1 July before the move on to LV=. Ashby's £401m CS Income, £167m Monthly Income and £33m Alpha Income funds are all sec...

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