Lang and Pattisson set for boutique launch
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Former Liontrust star managers Jeremy Lang and William Pattisson are to launch their own asset management boutique this autumn.
The new boutique is to be called Ardevora Asset Management and will focus on long/short UK and global portfolios with absolute return targets.
According to reports, Lang and Pattisson will also hire two fund managers to run money alongside them.
The pair left Liontrust in January 2009 having been responsible for the majority of the firm’s assets under management. Their departures resulted in steep outflows from the firm as well a fall in the share price.
Liontrust appointed Gary West, James Inglis-Jones, Anthony Cross and Julian Fosh to assume management of three funds run by the pair.
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Readers' comments (1)
Anonymous | 8 Mar 2010 10:03 am
You know you sometimes get a little sick of the fund manager merry go round and you wonder is it because they want to work for themselves or is it because they want to make a pile of money on flotation.
The cynic in me believes it is the latter.
The only thing I can say it is a good job the clients tend to get more consistency from their advisors.
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