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Peter Davies leaves Merrill Lynch UK Dynamic Fund

Peter Davies is resigning as manager of Merrill Lynch UK Dynamic Fund only three months after its high profile launch. Institutional manager Stuart Roden is leaving with Davies, who is believed to be setting up a hedge fund.

The resignation comes at a difficult time for Merrill Lynch who have made the UK Dynamic Fund central to their Isa season marketing.

Merrill Lynch marketing and corporate communications director Mark Johnson says: “We are naturally sorry to see them leave. Both Peter and Stuart have made a contribution to the team.”

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