Hargreaves Lansdown to make first switch to sub-advised mandates on MM range

On 5 November, HL will appoint Columbia Threadneedle Investments to run a portion of its £3.3bn Multi-Manager Income & Growth Trust. This mandate will replace direct fund exposure to Richard Colwell's £777m Threadneedle UK Equity Alpha Income fund over time, which had a 10.5% weighting in the Income & Growth fund as at 31 August 2018. Then on 7 January, HL will appoint Jupiter Asset Management to run sub-advised mandates for its MM Income & Growth Trust and £311m MM Equity & Bond Trust. Again over time, these will replace direct fund exposure to Ben Whitmore's £2.5bn Jupiter Income...