View more on these topics

F&C UK retail funds to take Thames River brand

F&C Investments is rebranding its UK retail range to Thames River following the merger of the two companies.

F&C is to retain the F&C brand for the UK institutional side and switch to F&C Thames River in the rest of Europe.

According to Jason Hollands, director of corporate affairs at F&C, Thames River will still be branded as an F&C group company, but has been chosen for the retail range due to its strong reputation in the wealth management industry.



Thames River has also built a strong presence in the mass-affluent IFA market through its Thames River Multi-Capital business, headed by managers Gary Potter and Rob Burdett.

Meera Patel, senior funds analyst at Hargreaves Lansdown, says investors also perceive Thames River as having delivered better retail performance than F&C.

Hollands says the product sets offered by Thames River and F&C have simply been very different and complimentary.

Before the merger, the groups had an overlap on the multi-manager side, which F&C has resolved by moving parts of its own fund of funds business to Thames River.

Otherwise, F&C is known for areas such as ethical investing and sterling equities and fixed income, whereas Thames River has a bigger presence in alternatives and international investments.

“The deal enables us to bring together the heritage, institutional and investment trust strengths of F&C with the dynamism and boutique culture of Thames River,” Hollands says.

F&C has already moved its UK retail sales team over to Thames River.

Michael Warren, investment director at Thames River, is heading up marketing on an interim basis.

Recommended

Branch lines

Outgoing Lloyds Banking Group sales director of mortgages Nigel Stockton told Money Marketing earlier this month that the bank’s share of intermediary lending or a percentage of its overall lending could fall by a third over the next few years. The bank, which is the biggest player in the intermediary market, currently puts around 70 […]

2

Swiss firm buys HNW adviser

Swiss asset management firm Helvetia Wealth has bought Scottish independent adviser Dunedin Independent. Dunedin launched in 1994 and specialises in providing bespoke investment management to high-net-worth inves-tors across the UK. It has £350m of funds under management and about 30 employees. Dunedin chairman and majority shareholder Mark Emlick will step down while managing director Yuill […]

19

SimplyBiz: Less than 4% of IFAs will consider restricted channel

Less than 4 per cent of SimplyBiz and Compliance First advisers say they will consider the restricted advice route post-RDR, according to SimplyBiz chairman Ken Davy. The support services firm surveyed 500 of its member IFAs and found that appetite for the restricted route dropped further still when advisers realised that the qualification and remuneration […]

Managers round on absolute return

Equity fund managers have slammed the absolute return format, saying despite the promises of providers investors are “dreaming” if they think the funds can guarantee growth above cash levels. Absolute return has come under further fire, after several of the products have failed to deliver positive performance regardless of market conditions, at a debate hosted […]

In search of value? Banks and the sectors leading Europe’s recovery

By Rob Burnett, head of European equities, Neptune  After nine years of underperformance versus quality growth, Rob Burnett, manager of the Neptune European Opportunities Fund, believes that value strategies have reached an inflection point. Watch Rob discuss why he believes value is well positioned to resume its historical trend of outperformance. Click here to watch […]

Newsletter

News and expert analysis straight to your inbox

Sign up

Comments

    Leave a comment