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LV= picks Falle for Euro equities

LV= Asset Management has recruited Richard Falle as its new principal European equity fund manager.

Falle joins from Associate Fund Solutions, a consultancy he set up to help advise fund managers on maximising opportunities under Ucits III regulations.

His previous positions include hedge fund manager at JO Hambro Capital Management, head of the European team at American Express Management and European equity analyst at Merrill Lynch Asset Management.

LVAM is aiming to double its team in the next three years as it tries to expand into the retail investment market.

The firm manages around 8bn of assets on behalf of mutual insurance and investment group LV= and launched 10 new funds at the beginning of this year.


Crude for thought

We have enjoyed a fantastically profitable run from our “energy” theme in recent months but we have called time on this bet and taken profits.


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