Rothschild Asset Man-agement is in talks to buy the £20m fund of funds business from IFA network Misys. The deal will take RAM's Fof assets from £99m to £119m, consolidating its position as the biggest retail multi-manager group in the UK. RAM says it is likely to merge the three funds into its three Five Arrows multi-manager funds.
Dresdner RCM's Charter European investment trust, which fought off a hostile bid from Henderson this month, is to wind up on April 25. Investors can roll over into a new vehicle, the Charter pan-European trust, or cashing in all or part of their investment in cash. The offer period for the new trust will close on April 18.
A new broking platform for IFAs was launched last week, offering access to over 70 markets around the world from a single electronic platform. Easybroker International can be accessed via phone or internet.
Gartmore smaller companies manager Frank Manduca has quit after more than 11 years with the group. He ran the £180m UK smaller companies unit trust and the £55m small-cap investment trust. He will be replaced by Rob Giles, who joins from Singer & Friedlander, where he managed more than £400m of assets.
Britannic Asset Management has appointed seven fund managers. James Smith, Diane McEwan, Ross McFarlene, Euan McNeil, Bob Ritchie, Fiona Page and Mark Meiklejon all join from Blairlogie Capital Management.