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Framlington wins smaller companies mandate at SEI

US multi-manager SEI Investments has chosen Framlington to manage the smaller companies mandate on its SGMF SEI UK equity fund.

The fund is one of 11 manager-of-managers funds that SEI is marketing to UK IFAs through the Selestia platform.

Framlington’s smaller companies team, headed by Roger Whiteoak, will initially have a £35m portfolio to run, using the same approach as the Framling- ton UK smaller companies fund.

This team will focus on fast-growing companies that are reasonably priced and able to grow over a complete economic cycle.

SEI Investments says it was impressed with Framlington’s stockpicking skills, analytical support and coverage of the smaller companies market.

Framlington Group sales and marketing director Nick Hodgson says: “SEI has a very strict and thorough screening process. We are delighted to have passed through that and been awarded the mandate. Smaller companies have been pegged back during the last six weeks but we think the medium-term case is strong. On a stock-specific basis, there are still some attractive and relatively undervalued opportunities.”


Warning on pension penalty

A pensioner has been hit by a 20 per cent market value reduction because his adviser applied for funds two days before his normal retirement date.


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