Dexia Private Banking UK has re-branded the managed pension fund it acquired in the 2001 takeover of Ely Fund Managers. The fund has been re...

Dexia Private Banking UK has re-branded the managed pension fund it acquired in the 2001 takeover of Ely Fund Managers. The fund has been re-named the Dexia UK Managed Pension Fund in line with Dexia's long-term strategy to integrate Ely Fund Managers under the Dexia brand. The Fund will continue to be managed jointly by Tom O'Connell and Karen McCusker, who joined Ely Fund Managers in 2000 to start its specialist pensions arm. The fund has out-performed the CAPS median by 3.3 per cent per annum over the 5 years to end March 2005, placing it 4th out of 70 funds in the Russell/Mellon CAPS pooled fund survey of balanced funds. Its investment objective is +1 per cent per annum over the median, according to Dexia.