Santander ups MM risk profiles

Santander Asset Management UK is diversifying its multi-manager portfolios into funds of hedge funds...

Santander Asset Management UK is diversifying its multi-manager portfolios into funds of hedge funds and international property. The group recently recruited portfolio specialist Estrella Llorente to head up the range, which includes two bond funds, MM Bond Monthly Income and MM Cautious, plus the MM Growth, MM Balanced and MM Equity products. Chief investment officer John Bearman, who has run the vehicles since John Kelly left earlier in the year, said he is currently looking at upping the risk profile, increasing exposure to global emerging markets and funds of hedge funds. He said ...