Axa Framlington tech manager quits

The fund manager was believed to have handed in his notice last week. Stephen Kelly, who runs the £115m American Growth fund, will take on the mandate in the short-term until a replacement is found. A spokesman for AXA said Evans would remain with the firm for several more weeks. He added he was leaving to join "a non-direct competitor", but gave no further information. A source close to the company said he believed Evans was to join a hedge fund. The manager's departure comes at a time when technology funds are in the spotlight. Aegon last week announced it was to close its fund, whic...