Martin Currie to close Pan European Alpha after manager re-shuffle

Martin Currie is to close its £18m Pan European Alpha fund and named a new manager for its European fund to replace the departing Eric Woehrling.

The £18m Pan European Alpha portfolio was previously headed by Woehrling and co-manager Pal Chidambaram, but the group now intends to close it following Woehrling's departure. The move comes after Martin Currie announced last week that it plans to convert the £17m European fund into a European Income fund. The fund conversion is a result of the company's ongoing product strategy review, announced last year, which will see the company focusing more on global markets rather than domestic. Chidambaram and fellow manager Ross Watson (pictured) will now run the European fund after Watso...