View more on these topics

BNY Mellon announces Insight range restructure

BNY Mellon has announced a number of mergers of Insight Investment funds to better position the boutique for the post-RDR world.

A raft of smaller funds are being merged, including the £105m Diversified Target Return fund into a new Global Absolute Return fund, managed by Steve Waddington.

The Insight Investment Diversified High Income, Insight Investment Wealth Builder Balanced and Insight Investment Diversified Dynamic Return funds will be merged to create the Insight Global Multi-Strategy fund,also to be managed by Waddington.

The Insight Investment Monthly Income Bond fund will be merged into the new Insight Strategic Bond fun managed by Adam Mossakowski with support from Peter Bentley.

The Insight Investment Sterling Corporate Bond fund will be merged into the new Insight Inflation-Linked Corporate Bond fund and be managed by David Hooker and Adam Mossakowski. The Insight Investment UK Equity Income Booster and Insight Investment Monthly Income funds will be merged into the new Insight Equity Income Booster Fund, managed by Tim Rees.

The Insight Investment UK Dynamic Managed and Insight Investment Equity High Income funds will be merged to create the Insight Equity Income fund, managed by Tim Rees.

If approved by shareholders at an extraordinary general meetings on 21 December 2012, the mergers will take place on 9 February 2013.

Chelsea Financial Services managing director Darius McDermott says: “Tidying up its ranges seems sensible and it has managed not to make any managers redundant in the process which is good for the team. I’m fully supportive of the move.”

Recommended

10

FSA censures Capita FM over Arch cru

The FSA has censured Capita Financial Managers in relation to its failings as authorised corporate director of the Arch cru fund range. The regulator says Capita Financial Managers could not fund both its contribution to the £54m payment scheme agreed in June 2011 and a financial penalty, which is why the FSA has chosen not […]

Cherry Reynard MM blog

Has Artemis future-proofed its business?

Artemis was a fund management group built by fund managers. At the time, many of the qualities on which it built its business were rare – fund managers investing in their own funds, not being constrained by bureaucracy and investing with conviction. After its launch in 1997, its ascent was dramatic, but it was hit […]

11

Shock choice Mark Carney named as new Bank of England governor

Bank of Canada governor Mark Carney will succeed Sir Mervyn King as Bank of England governor when he steps down next June. Carney has been Bank of Canada governor since February 2008 and also serves as chairman of the Financial Stability Board. He also worked for 13 years with Goldman Sachs, and acted as senior […]

Alan Lakey 480 Index

MM Profile: Alan Lakey on Apfa and the long-stop

Alan Lakey is well known to Money Marketing readers as a highly opinionated columnist and protection specialist. He has spent many years fighting for the re-introduction of a 15-year long-stop and has regularly spoken out on behalf of advisers on a range of regulatory issues. Lakey has worked within the finance industry for more than […]

Spring has sprung

Well, it’s been lovely to see a little bit of sunshine, even if it was only a brief appearance. I live in Scotland so, believe me, it was very brief.  Of course, with even the tiniest hint of spring, thoughts turn to the inevitable clearout that must take place.  And that got me to thinking […]

Newsletter

News and expert analysis straight to your inbox

Sign up

Comments

    Leave a comment