Newton Investment Management has reshuffled managers on its income and managed funds, Financial Times reports. The company is transferring the management of its £1.47 billion Income fund to Richard Wilmot, who will also continue to run his £94.7 million Growth fund.Christopher Metcalfe will now run the £1.5 billion Managed fund, previously headed by Nick Clay, who will become alternate manager on the vehicle and retain his segregated accounts. Both Wilmot and Metcalfe will continue to report to Newton’s CIO, Jeff Munroe, adds Investment Week.

Click here for the story from Financial Times.

Click here for additional coverage from Investment Week.