F&C's Carne to join Thames River, Cheeseman quits

F&C multi-manager Paul Carne and analyst Catherine Sauer are to join Thames River by the end of the year, with Carne heading up the Lifestyle fund range when it migrates across.

Meanwhile F&C head of multi-manager Dean Cheeseman and fund manager Oliver Sonnbichler have agreed to leave the firm by mutual consent. Thames River multi-manager heads Rob Burdett and Gary Potter will see four of F&C's MM funds merged with equivalent funds in their range, subject to shareholder and regulatory approval. F&C's Multi Manager Cautious, Distribution, and Balanced Managed funds will unite with Thames River's similarly-named funds. F&C Multi Manager Growth will merge with Thames River Equity Managed fund. The merger will result in Thames River Multi-Capital becoming one ...