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News

	06/05/10	Cazenove plans to merge away Pegrum's UK Dynamic fund
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	05/05/10	UK Equity Income funds are under the spotlight as dividend payers dwindle
	04/05/10	M&G to launch macro fixed interest fund for Leaviss
	04/05/10	De Blonay to join Gibbs on Jupiter Financial Opportunites next month
	04/05/10	Catching high performers - Schroders to launch Global Alpha Plus fund
	04/05/10	Stewart Cowley: Keep faith in western government bonds
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	04/05/10	Is The Gilt Yield no Longer Sustainable?
	04/05/10	Frikkee Eyes Opportunities in 'Mega Caps'
	30/04/10	GLG Caps UK Alpha Select Fund
	30/04/10	Schroders’ Purves Piles into Domestic Financials
	30/04/10	Allianz to Launch Brazil Fund
	28/04/10	F&C to Buy Thames River for £53.6 Million
	27/04/10	Philip Gibbs Halves Cash Weighting Despite Sovereign Risk
	27/04/10	Henderson Merges New Star Fund Offerings up
	27/04/10	Daniel Nickols Optimistic on Small Cap Rally Continuing
	26/04/10	Neil Pegrum Departs Cazenove to Join Soros
	23/04/10	Rensburg's Morton Warns of Equity Market Correction
	22/04/10	Crawford Blames Commodity and Mining Bets as Octopus Fund Dips
	16/04/10	Green Technology: The Next Bubble?
	16/04/10	JPM Natural Resources's Henderson Slashes Gold Weighting
	16/04/10	OMAM's Nickols Reveals his Five Favourite Small Caps
	16/04/10	Are Investors Ready for an Overheating India?
	15/04/10	Cautious Managed Funds Dominate Cofunds Q1 Sales
	15/04/10	Geffen's Global Equity Fund Reaches £1bn
	13/04/10	Schroders Launches Asian Income Maximiser Fund
	13/04/10	Threadneedle Launches Emerging Market Corporate Bond Fund
	12/04/10	Cowley to Remove all Gilt and Sterling Exposure if Drastic Deficit Cuts are not Introduced
	12/04/10	Morningstar Buys OBSR for £11.95m

News page: 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | 11 | 12 | 13

Cazenove plans to merge away Pegrum's UK Dynamic fund

06 May 2010

Cazenove Capital Management is looking to merge Neil Pegrum's former UK Dynamic fund with the UK Opportunities fund, Citywire understands.

Pegrum left Cazenove last month to join George Soros's hedge fund team, with Citywire AA-rated Julie Dean taking over running of his long-only UK Dynamic fund.

At the time of Pegrum's departure, Cazenove said Dean will run the UK Dynamic fund 'in line' with how she runs the UK Opportunities fund.

Sources have since confirmed that Cazenove plans to undertake a formal process in the future by writing to the unit holders of both funds to request a merger. However, there is no specific timeframe on how long this will take and the process is unlikely to start before the fourth quarter of 2010.

While running the UK Dynamic fund, Pegrum invested in companies of all sizes, with a third of the fund devoted to small-caps. However Dean does not follow the same approach.

A Cazenove spokesperson said the fund merger is 'something that we may look to do further down the line.'

Source: Citywire

Market data

Name	Latest	Var
FTSE 100	5,442.60	+1.33%
FTSE 250	10,210.65	+0.69%
DOW INDUSTRIALS	10,320.10(c)	+0.49%
HONG KONG HANG SENG INDIC	20,971.50	+0.49%
Nikkei 225	9,114.13	+0.57%

Name	Latest	Var
AGGREKO	1,519.00	+5.78%
AUTONOMY	1,785.00	+4.02%
BARCLAYS	324.50	+4.01%
BAE SYS.	324.30	+3.51%
KAZAKHMYS	1,287.00	+3.21%

Name	Latest	Var
TULLOW OIL	1,156.00	-2.45%
RANDGOLD RES.	5,935.00	-0.67%
UTD. UTILITIES	584.50	-0.51%
CENTRICA	324.50	-0.40%
NATIONAL GRID	545.00	-0.37%

Name	Latest	Var
YELL GRP.	17.79(c)	+13.24%
BP	392.60(c)	+0.99%
LLOYDS GRP.	72.12(c)	+0.90%
BLINKX	87.25(c)	+10.79%
ROYAL BANK SCOT	46.15(c)	+0.76%

Name	Latest	Var
YELL GRP.	17.79(c)	+13.24%
BP	392.60(c)	+0.99%
LLOYDS GRP.	72.12(c)	+0.90%
BLINKX	87.25(c)	+10.79%
ROYAL BANK SCOT	46.15(c)	+0.76%

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Data Sources: include Bondscape, Dow Jones, Factset, FTSE, Morningstar. Conditions may apply.

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