FidelityJan 11 2017

McQuaker takes over Fidelity multi-asset range

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McQuaker takes over Fidelity multi-asset range

Bill McQuaker has taken over management of Fidelity's five-strong Multi Asset Open range after joining the fund house from Henderson.

The former Henderson co-head of multi asset, who joined Fidelity in October, will manage the risk-rated vehicles.

Ayesha Akbar will serve as a co-portfolio manager, while Michael Costa will be assistant portfolio manager on the funds.

Fidelity is also to revise the investment objectives on the funds in March to show "specific return targets and provide enhanced clarity on the underlying investments". The changes will not affect the funds' risk profiles.

James Bateman, chief investment officer for Fidelity Multi Asset, said: "Bill is a highly experienced multi asset investor with a proven track record of alpha generation and we are delighted to be passing one of our flagship fund ranges to his stewardship.

"The increased flexibility of the Fidelity Multi Asset Open range, combined with wider support from the large and experienced multi asset team, will provide Bill with an unparalleled ability to deliver performance through our twin strengths in active asset allocation and fund manager selection.