View more on these topics

Senior LVAM trio not joining Threadneedle

LV= Asset Management head of UK equities Graham Ashby, head of multi-manager Paul Kim and principal fund manager Richard Timberlake are not joining Threadneedle, Money Marketing understands.

In August, LVAM outsourced the management of its £8.5bn of assets to Threadneedle. The transfer of Threadneedle’s funds is expected to take place on October 31.

Ashby runs a £148.8m equity income portfolio at LV= and Kim runs five managed portfolios, including the £36.9m balanced managed, £8.2m diversified income and £3.2m worldwide select funds. It is unclear whether principal fund manager Simon Brooks, who also works on the LV= multi-manager team, will be joining Threadneedle.

Money Marketing understands that Threadneedle is appointing a multi-manager specialist to work with its existing asset allocation team in the next few weeks.
Threadneedle declined to comment.

Recommended

1

EC raids banks in interbank lending rates probe

The European Commission has raided a number of banks across Europe in a probe into suspected fixing of interbank lending benchmark Euribor. According to a report by Reuters, the EU said it had carried out searches on concerns that the companies involved may have broken antitrust rules. It is the third major probe into banking […]

Moody’s warns France on losing Aaa rating

Rating agency Moody’s has warned that France may be the next nation at risk of losing its Aaa debt rating. The agency says although France’s economy has ample capacity to absorb shocks, the Aaa rating rests on investor confidence in the government’s ability to cope with “unforeseen challenges”. France now has the weakest in debt […]

Europe 2017: Value, large-caps & liquidity

Joshua Ausden, Head of Client Investment Strategy, Neptune Read more here Important Information – for Investment Professionals Only. Not for Retail Clients.Investment risksNeptune funds may have a high volatility rating and past performance and forecasts are not a guide to future performance. These are Neptune’s views and as such this document is deemed to be […]

Newsletter

News and expert analysis straight to your inbox

Sign up

Comments

    Leave a comment