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Scottish Widows Investment Partnership has hired Alan Bridges as a replacement for Graeme Troy, to head up the UK rates team.

BIG INTERVIEW

Jeremy Charles, manager of the £1.3bn Scottish Widows UK Growth fund, is the latest fund manager to exit the firm following the restructure of its £54bn equity desk.

Scottish Widows Investment Partnership (SWIP) has appointed former of global equities William Low as director of equities following a restructure of its equities strategy.

ON BONDS

Bestinvest's list of 'dog funds' highlights funds that have underperformed their benchmark by 10% or more cumulatively over the last three years.

There has been a 187% increase in the amount of money sitting in underperforming dog funds this year to £26.5bn, Bestinvest's latest "Spot the dog" list has revealed.

THE BIG QUESTION

Scottish Widows Investment Partnership (SWIP) has outlined the shape of its restructured equities offering.

Threadneedle's Simon Brazier is to take over management of the £25m UK Select trust as the group lays out its plans for expansion into the investment trust space.