It's status quo ante-2008 for a pair of Old Mutual hedge funds.
Luke Kerr, who managed the firm's U.K. Dynamic Equity hedge fund until temporarily stepping down a year ago due to health issues, will retake the helm of the £177 million fund on April 1. The fund's interim chief, Ashton Bradbury, will return to the U.K. Specialist Equity hedge fund that he stepped down from three years ago to become Old Mutual's head of equities.
Kerr had been managing that fund, as well, until his leave last year.
Kerr and Bradbury will share a deputy manager: Tim Service, who was named to the post for both hedge funds.
According to the Financial Times, Kerr returned to work at the beginning of the year and has been expanding his workload since then.