Shareholders approve F&C and Thames River MM merger

Shareholders in F&C's multi-manager funds have voted to merge with the Thames River Multi-Capital range run by Rob Burdett and Gary Potter.

The vote sees the merger of F&C's Distribution, Cautious, Balanced and Growth funds with the corresponding Thames River vehicles. It is expected to take effect from 10 December. Thames River head of UK sales John Yule says: "Both F&C and Thames River have seen strong momentum in their multi-manager businesses in recent years and the combination, which sees Thames River Multi-Capital become the group's multi-manager platform, creates one of the largest players measured by assets under management in the UK retail multi-manager universe. "Merging the F&C Multi-Manager range into the Tham...