View more on these topics

Schroders to rebrand Cazenove multi-manager funds and merge ranges

Schroders plans to rebrand the Cazenove Capital multi-manager range and merge the two lines of multi-manager funds it offers.

From 24 March 2014, the seven Cazenove multi-manager funds will be rebranded as the Schroders MM funds. The flagship Cazenove Multi-Manager Diversity fund, for example, will become the Schroder MM Diversity fund.

Following the rebrand, the firm will merge a number of portfolios during the second quarter of 2014 to cut the range from ten offerings to six, subject to shareholder and regulatory approval as applicable.

The Cazenove Managed Portfolio fund, under its Schroder MM Managed Portfolio name, will be merged into Schroder MM Diversity Balanced – which is currently the Cazenove Multi-Manager Diversity Balanced fund.

Other moves include Schroder Multi-Manager Cautious Managed merging into Schroder MM Diversity Income, Schroder Multi-Manager High Alpha into Schroder MM Diversity Tactical and Schroder Multi-Manager Strategic Balanced into Schroder MM Diversity Balanced.

Cazenove multi-manager duo Marcus Brookes and Robin McDonald will run the portfolios. Iain Cunningham, who works on the Schroder multi-manager funds, will remain a part of Schroders’ global multi-asset investments and portfolio solutions team with responsibilities that include co-manager of Schroder ISF Global Multi-Asset Income.

Schroders managing director of UK intermediary Robin Stoakley says: “A number of advisers in the UK are now outsourcing a significant proportion of portfolio management responsibility. It is a growing trend and one I would expect to see continue, with multi-manager as an integral part of it.

“There are a number of leading multi-managers operating in the adviser space. I believe we now have the team, the brand, the funds, the performance and the distribution reach to become the preeminent offering in the UK adviser space.”



The Platforum’s verdict on Ascentric’s Sipp price cuts

The pricing scuffle continues this week, with Ascentric announcing a reduction in its fees for administering its in-house Sipps. This is the third adviser platform pricing change since the Budget on 19 March and demonstrates how platforms are upping the ante to win pension and drawdown business. From June Ascentric will be removing its Sipp […]


UK unemployment falls to 7.4%

UK unemployment fell to 7.4 per cent between August and October compared to 7.7 per cent for the previous three months, data from the Office for National Statistics shows. This rate is the lowest seen since the February-to-April period of 2009. The number of unemployed fell by 99,000 between August and October, with the number of […]


DWP hits back over pension charge cap impact assessment ruling

The Department for Work and Pensions insists its auto-enrolment charge cap plans will not be derailed after a damning report criticised its assessment of the impact the reform will have on the pensions industry. The Regulatory Policy Committee, an independent body set up by the Government to scrutinise regulation, last night labelled the DWP charge […]


News and expert analysis straight to your inbox

Sign up


    Leave a comment