Multi-manager

Legal & General has launched a range of multi-manager funds as both unit trusts and wrapped life and pension funds on Portfolio Bond and Portfolio Plus Pensions.

F&C multi-manager Richard Philbin has quit the firm to join a new Axa-backed investment management business.

Fidelity has strengthened its multi-manager team by appointing a new Asian and emerging markets portfolio manager, Ayesha Akbar.

Seven Investment Management (7IM) has launched four passively-managed multi-manager funds which it says will only invest in vehicles such as ETFs.

Maia Capital's multi-manager team are shunning cash and keeping their portfolios fully invested despite volatile markets.

More than 80% of IFAs will recommend UK equities to clients in 2008, according to research by Gartmore, M&G, Newton and Schroders.

Santander Asset Management UK has appointed CPR and the DIAM Group to manage its multi-manager Japanese funds.

Simon Brooks has joined LV= Asset Management (LVAM) as principle fund manager within the multi-manager and fund selection team.

Skandia's profits rose 29% to £173m last year following the third quarter launch of its investment platform, Selestia Investment Solutions.

A free guide to multi-manager fund management for advisers has been launched by Defaqto.