View more on these topics

&#39Individual skills make a difference&#39

Alan Steel Asset Management consultant Alan Adam says: “I think it would

be hypocritical if our firm did not take the launch of New Star into

consideration for our clients. We were strong advocates of the bulk of the

Jupiter team and their ability to pick the right stocks. Just because they

are with a new employer does not affect their talents.

“We have always said over the years that individuals can make a difference

and we have followed key people who we have been impressed with.

Accordingly, we would want to follow some of New Star&#39s team such as

Richard Pease.”

Hargreaves Lansdown head of research Mark Dampier says: “Despite being a

new group, New Star is packed with people who are hugely experienced. With

the fund management talent of Alan Miller and the quality of Tim Steer in

research/ analysis plus Richard Pease in Europe, I would expect New Star to

attract new monies. Contrary to other comments I have seen, John Duffield

remains ext-remely hungry for the business. With the fund managers also

being equity owners, it is hard to see what extra incentive they need to do

well. IFAs who will not buy until a three-year track record is recorded

will probably miss out on some of the best years.”

Michael Philips partner Michael Both says: “Deciding whether to try a new

fund manager is fraught with dangers. Experience has taught IFAs that being

a guinea pig is seldom rewarding for either the client&#39s wallet or the

IFA&#39s blood pressure. It is incumbent upon us to research our

recommendations thoroughly and it is easier where there is a track record

to examine.

“Contrasting New Star with Manek is easy but how about with Jupiter or

even Invesco Perpetual? Good active fund management does not happen by

accident and the track record of a fund is really that of its senior



Barclays buys non-conforming lender

Barclays Private Equity is backing a management buyout of non-conforminglender Preferred Mortgages in a £270m deal. Following a similar investment in credit card firm Clydesdale in January,BPE has bought an 83 per cent stake in Preferred from the Rotch PropertyGroup, with the remaining 17 per cent going to the management team. The buyout was led […]

Broker Talkback

Should the Government Actuary&#39s Department provide clearer guidance oncontracting out of Serps to make it a clear cut decision for clients? “Yes. It should be clearer and simpler than it is now and why should wespend time explaining it to clients when our fees and commission have beenreduced.” Clive Balchin, James Trickett & Son “Yes, […]

&#39Sub-prime&#39 branded an offensive term

Self-employed mortgage borrowers should not be branded as sub-prime customers because the term is offensive, claims a service for self-employed professionals.Alodis, which has 45,000 members, claims lenders routinely categorise the self-employed with “criminals and bad debtors” although they often represent a better lending risk.It says the self-employed should be called non-conforming borrowers and not be […]

The bones of the bonus

Recently, a trio composed of some of our oldest and most respected lifeoffices, Friends Provident (formed by Quakers in 1832), Legal & General(1836), and Scottish Widows (1815) incurred the wrath of an organisationknown as Chartwell by refusing to disclose the underlying investmentperformances of their with-profits funds. Instantly, the media was crammed with highly critical comment […]

Global energy: positioning for a recovery in the oil price Š

Richard Hulf explains how he and John Dodd have positioned the Artemis Global Energy Fund and where they are finding opportunities. Richard explains how he and John are changing the complexion of the fund to focus on the most efficient oil producers. As he tells journalist Alexis Xydias, in this environment of lower prices, he […]


News and expert analysis straight to your inbox

Sign up


    Leave a comment


    Why register with Money Marketing ?

    Providing trusted insight for professional advisers.  Since 1985 Money Marketing has helped promote and analyse the financial adviser community in the UK and continues to be the trusted industry brand for independent insight and advice.

    News & analysis delivered directly to your inbox
    Register today to receive our range of news alerts including daily and weekly briefings

    Money Marketing Events
    Be the first to hear about our industry leading conferences, awards, roundtables and more.

    Research and insight
    Take part in and see the results of Money Marketing's flagship investigations into industry trends.

    Have your say
    Only registered users can post comments. As the voice of the adviser community, our content generates robust debate. Sign up today and make your voice heard.

    Register now

    Having problems?

    Contact us on +44 (0)20 7292 3712

    Lines are open Monday to Friday 9:00am -5.00pm