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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


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.


Thomson&#39s swallows up Redcliffe

National IFA Thomson&#39s Group has taken over IFA Redcliffe Associates in adeal which takes its number of registered individuals to 100 and gives itblanket UK coverage.The companies, which will operate under the Thomson&#39s name, will have 18offices nationwide and a turnover of £15m, £11m coming from Thomson&#39s.Thomson&#39s says the deal makes it one of the […]

Standard & Poor&#39s Micropal Top 10s

Smaller companies funds still dominate the unit trust table, with sixfunds in the top 10.Artemis UK smaller companies is leading the table with a return of 214 percent while Beacon Investment is close behind with a return of 194 per cent.But volatility in the technology sector does not seem to have harmed CFtechnology growth, with […]

IFA wants redress after Axa agent &#39harassed&#39 clients

Axa Assurance is refusing to compensate an aggrieved IFA after he allegedthat one of its agents has sabotaged his client relations.IFA Dougie Jordon claims that an Axa agent tried repeatedly to scupper hisclient relationships but has received no more than a slapped wrist from theinsurer.Jordon&#39s clients received letters from the Axa agent alleging that theyhad […]

There is nothing like a name

Email and website addresses are becoming essential marketing tools forIFAs. Internet experts say say an internet domain name will soon be asimportant to an IFA as a phone number and getting the right name isessential.The Goodfellow Group managing director Simon Burgess says: “Domain namesand email addresses are massively important marketing tools for IFAs. Yourcompany name […]

Navigating volatility

The making of any fund can be seen in how it responds to crises and opportunities. In this short video, Head of Multi Asset at Royal London Asset Management Trevor Greetham outlines how the Royal London Global Multi Asset Portfolios or GMAPs navigated through Brexit and the US election cycle. He also highlights the importance […]


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