Multi-manager

UK/EUROPE - Investment Manager Selection (IMS) has appointed David Furlong as its sales and client servicing director.

SOUTH AFRICA - As market volatility continues, investors should be patient and not attempt a short-term switch into cash, advised Justin Taurog of Investment Solutions.

Global investment house BNP Paribas Asset Management (BNP PAM) and hedge fund specialist Fauchier Partners have set up a joint-venture to manage BNP PAM's funds of hedge funds.

International investment house BNP Paribas Asset Management has hired Jean Dominjon as global head of alternative and quantitative asset management.