Newton's Shant hands European Higher Income to Moore

Newton's Raj Shant has handed over the European Higher Income Fund to his colleague Fred Moore.

Shant, who leads the European equities at the firm, will remain as co-manager on the £30m fund, the role previously held by Moore.  The group said the change had been done to bring through another member of the team, while maintaining the collaboration on the the fund's investment decisions. Jeff Munroe, Newton's chief investment officer, said: "Newton has a pool of talent which we are committed to developing. "It is very satisfying to promote an internal manager to the role of leading our European Higher Income strategy, which we feel will become increasingly important as income i...