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Renaissance streamlines fund range

Renaissance Asset Managers is merging its £157.3m Eastern European fund into the £35m Emerging Europe fund.

In December, the firm took over management of the Griffin Eastern European fund from Griffin Capital Management and rebranded it the Renaissance Eastern European fund.

Renaissance chief investment officer Plamen Monovski runs both mandates.

Renaissance UK sales director Ron Gillies says: “Monovski has repositioned the stocks in the Eastern European fund, so the two funds are identical. We plan to merge them before June.”

In January, Renaissance took over two additional mandates from Griffin, the £26.2m Griffin Ottoman fund, now the Renaissance Ottoman fund, and the £46.2m Griffin Eastern European value fund, now Renaissance Eastern European allocation.

Renaissance plans to add its funds to the Ascentric and Novia platforms in the next few months.

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