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Merrill Lynch reshuffles as Dynamic chief quits

Merrill Lynch Investment Managers has appointed UK specialist team head Steve Thompson as the new manager of its UK Dynamic fund.

It follows last week&#39s sudden departure of the fund&#39s lead manager Peter Davies to hedge fund firm Lansdowne Partners. He had managed the £31m fund since launch three mon-ths ago. The fund is a mirror of MLIM&#39s OST UK fund, also managed by Davies, and was at the centre of MLIM&#39s 2000/01 Isa season campaign. Both funds had Standard & Poor&#39s AAA ratings.

Thompson has been at the firm for 10 years, and has managed the £153m MLIM UK investment trust since last year.

Institutional fund manager David Urch, who has been with MLIM since 1996, will take charge of the OST UK fund.

Head of retail sales Julian Ide says “These appointments provide continuity across two of MLIM&#39s most important funds. We have always emphasised our team approach and Steve and David have played a key role in building the specialist team&#39s track record.”


Arfway house for Irish annuities

A change in the rules on the obligatory purchase of an annuity seems inevitable. The Choices paper on annuity reform by Dr Oonagh McDonald has tapped into a seam of desire for change. Those wanting to keep the status quo are becoming thin on the ground. The issue is of such core importance for Middle […]

Skandia Life – Protect Personal

Thursday, 15th February 2001.Type: Critical illness.Minimum premium/cover: Monthly £10, annual £100/£1,000.Maximum cover: No maximum.Illnesses covered: Alzheimer&#39s disease, angioplasty, aorta graft surgery, bacterial meningitis, benign brain tumour, blindness, cancer, cardiomyopathy, coma, coronary artery by-pass surgery, deafness, heart attack, heart valve replacement or repair, HIV/AIDS, kidney failure, loss of limbs, loss of speech, major organ transplant, motor […]

Jupiter moves greenwards with new trust

Summing up, Snowden comments: “There may or may not be extra interest from investors who have seen recent AITC ‘its’ advertising on the TV. I hope that those who have not liked the TV advertising are not put off what looks like a very attractive investment opportunity.”Finally Rutter says: “Global investment trusts with a green […]

Perk &#39n&#39 mix

The Manx Insurance Association announced recently that a record £12bn is now under administration with Isle of Man-based life companies. Given that the offshore life industry only really began to take off in the late 1980s and early 1990s, amassing such large funds is no mean feat. It reinforces the fact that, every year, thousands […]

Choose life…

Sarah Scott  – Marketing Consultant, Royal London  This month sees the return of Renton, Sickboy, Begbie and Spud in the sequel to the film Trainspotting. Just over 20 years later, we return to see exactly how life treated the characters whose lifestyle was less than ideal back in 1996. Did they choose a job, choose […]


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