Carne cuts Rice and Burnett from Lifestyle range

Paul Carne has altered the European equity holdings in his £314m multi-manager Lifestyle range, cutting three managers including Cazenove's Chris Rice.

Carne has sold down positions in Rice's Cazenove European fund; JOHCM Continental European, managed by Paul Wild; and Rob Burnett's Neptune European Opportunities. He has replaced these holdings with Alister Hibbert's BlackRock European Dynamic and index tracker ETF iShares MSCI Europe ex UK. "Alister Hibbert , the manager of BlackRock European Dynamic fund, blends bottom-up company analysis with top-down macro assessment and should be able to take advantage of the opportunities that exist in Europe against what will likely remain a challenging backdrop from an economic perspective," ...