Argonaut

Alliance Trust moves to multi-manager approach

'Political uncertainty significantly exacerbated'

Will be run by Greg Bennett

Retail flows for the half year at £4m

Acquisition of Argonaut European Income businesss nearing completion

Adrian Collins becomes non-exec chairman

Comes amid sterling volatility

Europe boutique Argonaut Capital has announced a number of changes to the business, including founder Barry Norris taking full control, the appointment of Sanlam CEO Jonathan Polin as chairman and the sale of its Income funds to Liontrust.

Some 45 managers named

Iimpact of prolonged low oil price