UK private bank Brown Shipley completes has completed a number of changes to its Brown Shipley Solus range of collective funds (OEICs).

The mandate of the £18 million (around $30 million) MultiManager Balanced fund has changed to make it an income fund, while the £26million UK Flagship fund has absorbed the smaller £9 million UK Special Situations fund. Additionally, the firm has widened the number of asset classes available to the fund managers.

As part of the changes, Brown Shipley has outsourced the role of authorised corporate director (ACD) to IFDS Managers, and as such each fund will now have an IFDS prefix. Brown Shipley remains investment manager and promoter of the funds, with IFDS becoming responsible for operating and administering the OEICs.

The names of the OEICs will change to IFDS Brown Shipley Investment Company and IFDS Brown Shipley MultiManager Investment Company. The funds will be called: IFDS Brown Shipley UK Flagship; IFDS Brown Shipley Sterling Bond; IFDS Brown Shipley MultiManager Growth; IFDS Brown Shipley MultiManager Income, and IFDS Brown Shipley MultiManager International.