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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.



EC raids banks in interbank lending rates probe

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Moody’s warns France on losing Aaa rating

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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 […]


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