FINANCE NEWS: CAF appoints new trustee of common investment funds

Charities Aid Foundation (CAF) has appointed former deputy charity commissioner John Claricoat as trustee of the CAF Common Investment Funds.

A qualified solicitor, Claricoat set up a specialist voluntary sector legal practice after leaving the Charity Commission in 1994.

He was also a committee member of the Charity Law Association and is vice-chairman of the National Library for the Blind.

CAF's executive director for banking and investment services Tracey Reddings said: "We are delighted that John has agreed to join the trustees of the CAF Common Investment Funds. He brings valuable legal and other relevant experience to the stewardship of the Common Investment Funds."

CAF has two Common Investment Funds: the CAF Balanced Growth Fund with £360 million under investment, and the CAF Income Fund with more than £130 million.

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