SLI converts £20m fund

The change will see existing manager Esther Perkins replaced by Lance Phillips, head of overseas equities. The mandate change, due to take effect from next January, will see the fund renamed Global Equity Unconstrained. Performance of Global Selector over a year and three years has been poor – it languishes in the third quartile over the former and fourth over the latter in the IMA Global Growth sector, according to Lipper (October 31, 2006). SLI hopes the mandate change will see a repeat of the success so far displayed by its UK Unconstrained fund, launched last year and managed by...