Former Schroder staff Chris Rodgers, Ted Williams and Tom Carroll are to set up a trio of UK-based vehicles for new boutique Four Capital Partners.
Set for launch at the end of February, the firm has an institutional bias and will have two long-only vehicles with a 50-stock diversified portfolio and a 25-stock focus fund, both domiciled in Dublin. It is also set to run a long-short absolute fund based in the Cayman Islands.
Carroll and Williams left Schroders last year while Rodgers worked for the firm before joining HSBC as head of UK equities in 2002. All three are founding members of the new firm alongside Derrick Dunne who co-founded multi-manager consultancy Attica.
Four Capital is expected to run income products. It has appointed former Dalton Strategic head of operations Richard Muckie as chief operating officer, with his assistant manager at Dalton, Sachin Sehgal, also joining the firm.
Hargreaves Lansdown head of research Mark Dampier says: “I am not surprised at the number of people leaving established firms to join boutiques.”