Framlington has started restructuring its funds in preparation for the arrival of fund managers Nigel Thomas and George Luckraft, despite the fact that the date of their arrival is still uncertain.

Thomas and Luckraft, who walked out of ABN Amro last month only two months into their 12-month notice period, are scheduled to appear in court on July 15. Their former employer claims that they are under breach of contract, although the two fund managers are claiming constructive dismissal.