LV Asset Management is to run a new range of fund of funds for financial and wealth management firm Lighthouse Group, according to a report on Citywire. 

Four new OEIC sub-funds will be launched for Lighthouse under the management of Tom Caddick, head of the multi-manager and fund selection team at LVAM who joined in 2007 from F&C.

The four funds, asset allocation products designed to match different risk profiles, are scheduled to launch in July this year.

Mr Caddick said: “This is a very positive step forward for our broader retail asset management plans. We’re pleased to be entering into this agreement with Lighthouse and look forward to working closely with Lighthouse Group in the future.”