Gerrard Investment Funds is set to take over the management of St Vincent high income fund, previously managed by Investec.

The move sees management of the Greig Middleton fund effectively brought in house, following the merger of Old Mutual subsidiaries Greig Middleton and Capel Cure Sharp under the Gerrard name. The newly combined private client capabilities give of Gerrard assets of £20bn (€31.7bn) to manage.