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Advisers know a star fund manager when they see one

Three months ago, Jupiter told IFAs not to panic when is star fund manager


William Littlewood took a three month sabbatical.


With an Isa season imminent, it was quick to comfort investors with


promises that he would be back. Alas, three months on and the news from


Jupiter is that he is suffering from chronic exhaustion and will not be


coming back for the foreseeable future. Cynics may suggest Jupiter knew all


along that he was unlikely to come back and feared such news could hit Isa


sales.


While saddened by Littlewood&#39s departure, Jupiter says its fund management


style is underpinned by a team approach.


In December, Scottish Widows was rocked by the departure of star man


Albert Morillo. He had run Widows&#39 flagship European growth fund for 15


years. Yet, on his departure, Widows was quick to play down what impact


Morillo had.


But IFAs and discretionary managers thought otherwise and dumped the fund


from their buy lists. A few months later and Morillo turns up again


managing a fund for Investec Guinness Flight and, just one presentation


later, he is back on the buy lists. Credit Suisse is now sweating to see if


IFAs keep its TransAtlantic fund on their buy lists after losing star man


James Abate.


It will have a tough job convincing all that his replacement is up to the


job. No one person is bigger than the company but it appears investment


houses want the best of both worlds and are quick to promote their star


manager when they have one and their team when they have not. What is clear


is IFAs know a star when they see one and they will follow it to give their


clients that little bit extra.

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