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US equities at the centre of Isis and F&C&#39s new firm

The US equities desk is to form the heart of the investment business of newly merged F&C and Isis.

The team has been thrust to the core of the merged firm, F&C Asset Management, which came into being on Monday.

A global equities team of 13 is headed by Foreign & Colonial investment trust manager Jeremy Tigue. He is supported by head of US small cap Robert Siddles and head of US large cap Rupert Della-Porta.

Della-Porta has taken charge of a team of US equity fund managers comprising Sarah Fong, Niall Kirk and Tim Maunderson-Taylor.

London-based Francisco Almeida and Sophie Horsfall have been appointed to global products. Julie Dent, manager of the 106-year-old British asset trust, has been app-ointed head of global equities in the Edin-burgh office.

Last week, Isis extra income bond and Isis strategic bond funds manager James Foster resigned after returning from a 10-week sabbatical. Fatima Luis has been appointed as lead manager on both funds.

Chief investment officer Tony Broccardo says: “Given the fact that US stocks represent over half of world equity markets by capitalisation it is a logical move for us to place our US fund management team within the heart of the global equities desk with clear acc-ountability through Jeremy.

“Global products represent an important part of the enlarged group&#39s proposition which will encompass institutional mandates, retail funds, absolute return products, open-ended funds and internationally diversified investment trusts.”

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