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The Daley Update

Credit Suisse Asset Management is cutting the initial charge on its income

fund by 1 per cent to 4.25 per cent until August 31. The fund, managed by

star manager Bill Mott, has been one of the best performers in the past

year, with a return of around 11 per cent for the 12 months to mid-July.

Minimum investment is £1,000. Annual management charge is 1.2 percent.

Scottish Widows Investment Partnership has appointed Bill Blair as a

senior member of its UK and European research team. Blair joins from Nomura

International, where he was a member of the UK pharmaceuticals team.

Newton has appointed Mark Hull as its new intermediary channel executive.

Hull joins from Gerrard and will be responsible for IFA communication and

literature. He will also assist with IFA marketing.

Institutional fund manager Morley has poached Sarasin EquiSar manager

Michael Jennings to head its new global thematic investment division.

Jennings, who has been at Sarasin for 13 years, will take up his new

position in two months. Sarasin has also appointed Ian Hogg as deputy chief

investment officer. Hogg joined the group from Deutsche Bank last year.

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