UK – Attica Asset Management has dropped Newton in favour of Société Générale Asset Management (SGAM) to manage a portfolio for its multi-manager UK equity fund.

Attica says the decision follows recent changes in the ownership and personnel at Newton.

Derrick Dunne, director of Attica, comments: “We have been following SGAM as an alternative manager for our UK fund. Our multi-manager process relies on swift and effective decision-making when needed. We are confident that SGAM’s talented team and disciplined investment process will contribute positively to our fund. In addition, our qualitative and quantitative research illustrates that SGAM is complementary to our other incumbent managers, Liontrust and Royal London.”