Barings to merge away Harte's AR Global Bond trust

Barings is merging Colin Harte's Absolute Return Global Bond trust into Andrew Cole's £90m Multi Asset fund.

Harte is in discussions with Barings over his future at the firm. Following the merger, he will be left managing just one fund - the £211m Baring Global Bond trust. "It has also become clear that a wider, multi asset opportunity set offers a better environment in which to deliver strong cash plus performance for our clients," the group said. "This is why we are proposing to merge the Absolute Return Global Bond trust into our Multi Asset fund. "We have entered a consultation period with Colin Harte." Dagmar Dvorak, co-manager of the Global Bond trust, has assumed responsibility ...