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Downing looks to add Oeics

Downing Corporate Finance director Tony McGing says the firm may look to add to its rec-ently acquired small-cap fund with further Oeic offerings.

McGing says the firm would be interested in adding to the range once it has managed to turn performance round on its active management fund.

Last month, Downing took on the investment management of the CF Acuity real active management fund, now called the Downing active management fund.

Investment director Judith MacKenzie, who managed the fund at Acuity before her departure to join Downing in July 2009, manages the fund.

McGing says: “We have no concrete plans on what we want to do next on the Oeic range but we will be looking to add to it. We want to look at how we can best use our private equity abilities within that market.

“With a small-cap offering already in place, a mid-cap fund may be the next step but that is by no means a definite plan. We may also look to build our team for the Oeic market.”

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Patrick Mill

Patrick Mill

As the emphasis moves from state provision to personal responsibility, the sales and distribution director of Alliance Trust Savings aims to meet the growing need for advice by increasing the company’s share in the intermediary market through its i.nvest platform.

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