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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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