Dave Fishwick will take over management of the £881m M&G Managed Growth fund as of 1 September, taking over from Randeep Somel, who will focus on the £2.2bn M&G Global Basics fund.
The Managed Growth portfolio was launched in 1994 to invest in other collective investment vehicles, primarily other funds, including M&G retail funds. While the objectives and investment policy will not chance, Fishwick has been tasked with bringing the fund in line with M&G’s multi-asset top down investment approach. This will mean the fund can use both stock picking, as per M&G’s equity funds, as well as the asset allocation capabilities of the manager’s multi-asset team.
Fishwick has headed M&G’s Multi Asset team for 17 years. It currently has close to £5bn in AUM.