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Standard Life Investments loses fund manager to rival

Standard Life Investments is losing fund manager Jeff Saunders to rival Martin Currie.

Saunders has run the £183m Standard Life UK Equity Growth Fund since 1988. He will take over Martin Currie&#39s UK Growth Fund as well as three split capital investment trusts, the Income and Growth, High Income and Enhanced Income funds.

Standard&#39s UK Equity Growth fund has risen 97 per cent over the last five years. It is being taken over by Amanda Forsyth, who currently runs the Standard S&P A-rated £33m Ethical fund.

Hargreaves Lansdown head of research Mark Dampier says: “We are assessing things but on some of the portfolios we might sell the fund. Saunders has been a good performer but has had a harder time in the last six to nine months.”

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