M&G Investments multi-asset manager George Tsinosis has left the firm and the macro investment team is taking over his funds.
European fund managers Giles Worthington and Tim Short are also leaving.
Tsinosis was handed M&G’s £740m managed fund and £338m cautious multi asset fund in July 2010 when its former head of equities David Jane left.
But in a statement today M&G says all of its multi-asset funds will now be managed under the investment framework designed by head of macro and equities investment Dave Fishwick.
The cautious multi asset fund will now have Juan Nevado and Tony Finding of the macro investment team as named co-managers.
Nevado and Jenny Rodgers, also from the macro investment team, have been appointed as co-managers of the managed fund.
Fishwick says: “I believe that the approach that I and my team have honed over more than a decade puts us on the best footing to generate the long-term returns that investors expect from M&G.”
Meanwhile, the group’s £313m pan European fund manager Giles Worthington has quit the firm.
Tim Short, who runs its £41m European special situations and £169m European funds, has also quit.
The pan European fund and the European fund are being taken over jointly by Greg Aldridge and Charles Anniss.
The European special situations fund is being handed to Richard O’Connor.