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First State&#39s Jefferson joins Henderson

First State head of UK and European retail sales Phil Jefferson is joining Henderson Global Investors in a similar role. He will be reporting to UK and Asia managing director Mike Clare. His replacement at First State will be Richard Jones, who is currently director of UK retail sales. The Henderson position has been vacant since Simon Ellis departed for Axa Investment Managers at the beginning of the year.

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Julian Gibbs

Over the longer term, UK smaller company funds generally outperform blue-chip funds. While smaller companies have performed particularly well over the past year, some well-managed UK smaller company funds should continue to outperform the FTSE 100 index. Over the past 48 years, the UK small-cap index has outperformed large caps by 3 per cent a […]

Thinc gets &#39massive backing&#39 for major acquisition drive

Multi-distribution platform Thinc Group is set to announce “massive institutional backing” which will allow it to expand aggressively both through acquisition and poaching rivals&#39 advisers. The firm, which made the announcement to its staff at its annual conference last week, would not confirm who the backer is but says it plans to announce in the […]

New hope for Equitable investors

Equitable Life policyholders have new hope of compensation following a High Court ruling giving them the right to challenge the Parliamentary Ombudsman&#39s dismissal of a test case. The decision marks a small victory for Equitable investors, putting ombudsman Ann Abraham under pressure to reopen her inquiry. Mr Justice Moses ruled last week that the Parliamentary […]

Towry Law Intl could face £300m misselling claims

Towry Law&#39s offshore subsidiary is facing legal action that could result in compensation of more than £300m. Clients in Cyprus, the Middle East and Asia have alleged that Towry Law International missold hedge funds and geared with-profits bonds. An action group of clients in Cyprus has started legal proceedings against TLI. It argues that the […]

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