Fidelity's McQuaker to stand down from multi-asset range management

Chris Forgan to take charge

Manager of Fidelity’s £3.7bn Multi Asset Open range Bill McQuaker is to step down from the role at the end of 2019 due to ill health, but will remain with the company as a strategic adviser.

In his place, lead manager of the Fidelity Multi Asset Allocator range and co-portfolio manager of the firm's multi-asset income range Chris Forgan will become lead portfolio manager of the Open funds. He will be assisted by co-portfolio manager Charlotte Harington, and supported by McQuaker who will work closely with the team until the end of 2019 to ensure a smooth transition. At the beginning of this year, Fidelity merged its Multi Asset fund range into its Multi Asset Open range under the management of McQuaker. The Open range consists of five funds of varying risk categories, ran...