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Framlington’s Rock dismisses Fof concerns

Axa Framlington’s new multi-manager head Caspar Rock has moved to counter criticism of his appointment and allay concerns about his lack of experience of running funds of funds.

Bates last week placed the Axa Investment Managers multi-manager funds under review after a shake-up at the group, which saw the port-folios moved into Axa Framlington under Rock.

Rock stresses that he has 20 years’ fund management experience and although the last five years have been spent running the Framlington health fund, he has managed global mandates while colleagues Keith Speck and Francois Richeboeuf have fundpicking experienceRock says: “My last five years have been in healthcare and the previous 10 in European equity. I have also ran global and sector mandates. I have always believed in looking for talent and the key thing is looking for talent in managing assets.

“We have quant support behind us. Keith has multi- manager background and Francois has a quant background and has had multi-manager responsibility.”

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