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Manduca joins Morley

Philip Manduca has been appointed head of Morley Fund Management’s new alternative investment division. The new division will include existing hedge and private equity funds and investment trusts. Current assets in these existing product areas are in excess of EURO3.2 billion.

Manduca was formerly head of asset management at Dexia BIL. Prior to that, he was a partner and chief investment officer at Sant Cassia Investment Management.