Fidelity to merge multi-asset ranges under Bill McQuaker

The group said it expected the merger be completed in March 2019, with the combined range of five risk-profiled funds to be managed by Bill McQuaker (pictured). The merger was designed to deliver "increased efficiency" for clients accessing active managers from across the investment industry, it added. Last August, Fidelity began the move to a 'manager of manager' structure in an effort to give its multi-asset business a broader investment universe. Fidelity multi-asset team ploughs back into risk assets Fidelity Multi asset CIO James Bateman said the firm was "excited to be abl...