Aberdeen's multi-manager team has restructured its £95m Constellation fund into a portfolio of 20 equally-weighted best ideas, in a bid to differentiate it from the range's £66m Equity Managed fund.
Ex-Gartmore head of multi-manager Bambos Hambi has joined Standard Life Investments as head of fund of funds management.
Jupiter's John Chatfeild-Roberts upped exposure to Japan in his £6bn Merlin multi-manager range in February with the addition of the GLG Japan CoreAlpha fund.
Disappointing 2010 for funds of hedge funds lifted by 3.5% return in the fourth quarter as funds of long/short equity funds finally perform