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Rensburg to manage russell equity portfolio

Leeds-based Rensburg Fund Manage-ment has won an external mandate to manage a Russell Investment Group equity portfolio.

This is the first mandate to be won by Rensburg since it announced its intention in the summer to seek discretionary portfolios in addition to its traditional unit trust business.

The UK equity portfolio sits within the Scottish Widows Investment Partnership range of multi-manager funds and will be jointly managed by Colin Morton and Mark Hall.

The funds will form part of the new investment portfolio service set up jointly by Lloyds TSB Private Banking and Swip.

Rensburg joint managing director Alex Brotherson says: “This is a significant first for Rensburg. It is widely acknowledged that Russell has a very rigorous selection process and we are pleased to have met their strict selection criteria.”

Russell Investment Group director of Europe and UK equity Philip Glaze says: “Rensburg’s close-knit team has a long history of performance-oriented investing, combining a strong investment discipline with a keen focus on delivering alpha. We look forward to working with them to serve our clients.”

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