A trio of former Co-operative fund managers has left Royal London Asset Management, Wealth Manager can reveal.
Linda Desforges, who was head of external funds, resigned unexpectedly this week; it had been planned for her to remain at the business.
Sustainable Diversified is a top-quartile performer in its Mixed Investment 20-60% Shares sector over the past three years, returning 28.2% compared with a peer group average of 15.4%. European Growth is fourth quartile through the same period and US Growth third quartile, although the latter is first quartile over the past year.
Foundly ran the £429 million CIS UK Income With Growth Trust, which has returned 30.6% over the past three years compared with an average of 28.5% from its UK Equity & Bond Income sector.
Fox headed the £358 million CIS Corporate Bond Income Trust, which has generated 14.7% over the past three years, lagging its Corporate Bond sector’s average of 19.6%.