Schroders to merge multi-manager range with Brookes at helm

Schroders is to streamline its multi-manager range following the takeover of Cazenove last year, with a number of portfolios to be merged away.

As part of a revamp of its multi-manager capability following Marcus Brookes and Robin McDonald's move to Schroders, the asset manager is merging four of its existing funds into the Cazenove range, and rebranding them all as Schroders funds. The seven-strong Cazenove range becomes the Schroder MM range, with Schroders' existing multi-manager portfolios merged into these funds. The Schroder MM Managed Portfolio fund is merging into the Diversity Balanced fund, and its Cautious Managed fund will merge into Diversity Income. Meanwhile, Schroders Multi-Manager High Alpha fund is mergin...