Multi-manager

Fund of funds (FoFs) are not ahead of single manager funds in terms of top quartile performance over one year but over seven years they lead in every sector, according to new research.

Santander Asset Management (SAM) has added three managers to run UK Equity mandates in its multi-manager and premium investments funds.

Openwork, the 2500-strong adviser network, has launched its first range of multi-manger funds through its Omnis Investments joint venture.

Multi-manager total expense ratios (TERs) may fall as difficult market conditions force single mandate managers to look at fund of funds to increase distribution levels, Lipper research suggests.

F&C funds of funds chief Dean Cheeseman has moved a £10m stake in his MM Distribution fund out of the Schroder Global Dividend Maximiser following "disappointing" recent performance.

AXA's new stand alone multi-manager investment company is to be called Architas.

F&C's risk-based multi-manager Lifestyle fund range is now available across Standard Life's entire product range.

The CEO of new AXA-backed investment company Mike Kellard says the upcoming venture will be the "pillar" of growth and multi-manager products in the future.

Multi-asset group OPM Fund Management is taking a contrarian view and favouring the US above the other main global regions.

Credit Suisse today received FSA approval to launch its new Multi-Manager Multi Asset Growth fund to retail investors next month.