No LVAM managers to join Threadneedle

Threadneedle will not be hiring any of the fund managers from LV= Asset Management when the assets move across at the end of the month, Investment Week understands.

The managers, including high profile hires such as Graham Ashby, Paul Kim and Richard Timberlake, will see their funds transferred to Threadneedle managers on 31 October. Around 10 members of staff out of over 70 are expected to move across to Threadneedle, of which none will be fund managers. Investment Week revealed in early July LV= was in exclusive discussions with Threadneedle to take over its existing external funds, allowing it to focus on its core life and insurance business. LVAM manages about £8.4bn of assets for a range of clients including private investors, institution...