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Flemings loses high profile fund manager

Investment bank Flemings has lost one of its leading fund managers to specialist boutique Boyer Allan Investment Management.

Richard Whittall is leaving Flemings only months after being awarded a seven figure bonus. He managed more than £3bn for the bank, including its £542m Save & Prosper Japan Fund.

The fund is one of the largest concentrating in the Japanese market. It boomed in 1999 as Japan recovered from the Asian Flu, but has suffered this year, plummeting to rank last in its sector of 79 funds.

Whittall, 34, is establishing a London-based hedge fund with Boyer Allan. He will be replaced at Flemings by Mark Wood, previously of HSBC, who will run the Japan Fund.

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