Three fund managers exit M&G

M&G's George Tsinonis, Giles Worthington and Tim Short are leaving the firm, leading to a management reshuffle on several funds.

George Tsinonis, manager of the £337m Cautious Multi Asset and the £739m M&G Managed funds, has now left the company. Tsinonis only took over management of the funds in July 2010, after multi-asset manager and head of equities David Jane left the firm to pursue other opportunities. Tsinonis departs following the introduction of a new framework based on flexibly allocating capital between global asset classes in response to asset valuation changes, while understanding the behavioural and economic drivers of those valuations, the group says. Dave Fishwick, who was appointed to the n...