Multi-manager  

Threadneedle multi-manager range handed to 7IM

Threadneedle multi-manager range handed to 7IM

Threadneedle has confirmed its range of multi-manager funds will be handed over to Seven Investment Management (7IM) to merge with its funds.

The investment group took on the multi-manager funds from LV= Asset Management in 2011.

In a statement, Threadneedle said: “Multi-asset investing is a key part of our business and we have a long heritage in managing asset allocation solutions. However multi-manager funds need a specific skill set and dedicated resources.

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“We believe that it is in the best of interest of these funds’ investors that they are managed by a specialist provider. Following an extensive search for a partner to take on the funds we believe 7IM provides the best fit in terms of investment approach and client service.”