Schroders has reportedly moved five Cayman Islands-listed funds into its Luxembourg range and merged three of the Cazenove funds.
The move is part of the continued integration of the two firms following Schroders acquisition of Cazenove Capital last year.
The funds re-domiciled into Schroders’ Luxembourg range include the Cazenove UK Dynamic Absolute Return, Cazenove European Alpha Absolute Return, Cazenove European Equity Absolute Return, Cazenove UK Equity Absolute Return and Cazenove Leveraged UK Equity Absolute Return fund, according to Fundweb.
As part of the integration, Paul Marriage’s Cazenove UK Dynamic Absolute Return has been renamed as the Schroder AS UK Dynamic Absolute Return fund.
Additionally, the Cazenove European Equity Absolute Return fund, Cordell and Julie Dean’s Cazenove UK Equity Absolute Return fund and Cazenove Leveraged UK Equity Absolute Return funds have been merged into the Schroder ISF European Equity Absolute Return fund.
Schroders said: "The primary investment objectives of the funds remain the same, with no change in investment criteria or strategy or fund risk profiles. The underlying portfolio managers who are currently managing the Cazenove Cayman funds will continue to manage the SISF/SAS funds."
Furthermore, Schroders in the process of renaming the entire Cazenove fund range under its own brand, which is scheduled to be completed on 24 March 2014.