Fidelity International is to hand over the control of this Multi Asset Open range to Bill McQuaker.
McQuaker joined Fidelity in October 2016 from Henderson Global Investors—where he was co-head of multi asset. He was hired to fill the void Trevor Greetham, who left the firm for Royal London Asset Management.
Ayesha Akbar and Michael Costa will support McQuaker as co-portfolio manager and assistant portfolio manager respectively.
The Fidelity Multi Asset Open Range is made up of five risk-rated funds, investing across equities, bonds, property and alternatives.
The funds in the range are as follows:
- Fidelity Multi Asset Open Defensive fund
- Fidelity Multi Asset Open Strategic fund
- Fidelity Multi Asset Open Growth fund
- Fidelity Multi Asset Open Adventurous fund
- Fidelity Open World fund
James Bateman, chief investment officer for Fidelity Multi Asset, said: ‘Bill is a highly experienced multi asset investor with a proven track record of alpha generation and we are delighted to be passing one of our flagship fund ranges to his stewardship.’
He added: ‘The increased flexibility of the Fidelity Multi Asset Open range, combined with wider support from the large and experienced multi asset team, will provide Bill with an unparalleled ability to deliver performance through our twin strengths in active asset allocation and fund manager selection.’