RLAM's Pether to take over Coffey's UK Equity fund

Pether, an RLAM veteran who has spent 30 years at the group managing a range of UK equity portfolios, will report to RLAM chief investment officer Robert Talbut in the new role. The fund itself has struggled over the last year compared to peers. The £405m portfolio returned 9.2% in the last year versus the IMA UK All Companies sector average of 14.9%. Pether's appointment follows the exit of Coffey whose departure was confirmed today. Her future had been in the spotlight after the group's decision to overhaul the management of some of its equity funds. The restructure will see RLAM...