LVAM's head of multi-manager Caddick quits

His eight-strong fund range, which includes the LV= Balanced Managed and Diversified Income funds, as well as five Managed Portfolios, has been taken over by Simon Brooks, a principal fund manager. LVAM says the funds are run using a team-based approach, and this established process will remain unchanged. Brooks will run the funds as an interim measure until the group recruiting a replacement for Caddick. In 2007, Caddick joined LVAM from F&C, where he had run the F&C Managed Growth and Managed Balanced portfolios. In his new role he will work alongside Keith Speck, Santander's head o...