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Three new fund chiefs at Insight

More fund manager moves hit the industry last week, with Deutsche Asset Management and Gartmore both suffering losses as Insight Investment landed three new recruits.

Deutsche UK blue-chip manager Nigel Ridge has left by mutual agreement. He will be replaced by equities manager Michael Crawford.

Elan Pereg, Gartmore&#39s corporate bond, high-yield corporate bond and capital strategy sterling bond funds manager, is returning to Israel after five years at the firm. He will be rep-laced by UK gilt & fixed interest fund manager Paul Grainger.

Among Insight&#39s new acquisitions is Merrill Lynch managing director of fixed income Peter Geikke-Cobb, who will run a retail international bond fund from October.

The others are Royal & Sun Alliance&#39s director for index-linked and short-dated bonds David Hooker, who will be res-ponsible for managing UK institutional funds, and F&C head of investment grade bond investment Chris Hartley, who will co-ordinate Insight&#39s institutional business development.

•Investment, p22

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