Old Mutual Global Investors has embarked on a shake-up of a £1.1 billion manager-of-managers fund, adding the asset management arm of Australian banking group Macquarie to its roster.

François Zagamé, portfolio manager of the Voyager Global Dynamic Equity manager-of-managers fund, as well as the wider strategy, said he had awarded a £50 million mandate to Macquarie to increase his allocation to Chinese equities.