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The Daley Update

Old Mutual Asset Managers has app-ointed Richard Moore as head of UK growth funds. He joins from Singer & Friedlander, where he was a UK equity fund manager. Moore will report to head of UK equities Ashton Bradbury and will assume management for the Old Mutual UK Growth fund.

Norwich Union has recruited Gerardine Davies for its property team. She joins from Hermes Pensions Management. She will report to Chris Laxton and will help in the day-to-day running of NU&#39s £350m property trust.

Teather & Green-wood Investment Man-agement offers its first UK retail funds on October 1. The TGIM UK equity growth and TGIM UK equity income funds will hold concentrated portfolios of around 50 stocks and will aim to outperform the FTSE All-Share index. Mini-mum investment is £500 or £50 a month. Initial charge is 5 per cent and annual fee is 1.5 per cent.

New Star Asset Management has appointed Mark Hutson as head of sales for the north of England, Scotland and Northern Ireland. He was previously with Credit Suisse Asset Management.

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