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Gartmore appoints quantitative analyst

Gartmore is appointing Michael Gleason as senior quantitative analyst, responsible for enhancing the use of quantitative techniques throughout the fund managers operations.

Gleason joins Gartmore from Putnam Investments, based in Boston, USA, where he was a quantitative analyst in global stock selection, and was previously with State Street Global Advisors.

Gartmore head of strategic research Richard Urwin says: “Michael brings with him a wealth of quantitative and analytical talents, and is a valuable addition to our skill base in Gartmore.”


BCAM trots out with the PIG

BC Asset Management has introduced the property income and growth fund, a split capital investment trust that invests in commercial property.The investment trust consists of ordinary shares, zero dividend preference shares and bank debt. The aim is to provide ordinary shareholders with a high level of monthly income and long-term capital growth and zero dividend […]

The Daley Update

Equity & bond inc-ome manager Patrick Harrington is moving to Hendersonafter 12 years at M&G. He will head the UK equity income desk, workingalongside head of retail Richard Prew, who was recruited from Norwich Unionat the end of last year. M&G&#39s Richard Placket will take over the extraincome portfolio while Richard Hughes will be responsible […]

&#39Lack of marketing hitting stakeholder&#39

Lack of investment in marketing is causing disappointing sales ofstakeholder pensions, according to research from the Financial ServicesForum. In April, the FS Forum contacted 70 of its members to gauge theirattitude to the marketing of stakeholder. The survey found of thoseoffering stakeholder no one was planning to commit more than 25 per cent oftheir marketing […]

Merricks admits IFAs may not value scheme benefits

The chief financial ombudsman has conceded that it may be difficult forsmall IFAs to see the benefit of belonging to the Financial OmbudsmanScheme because of the limited number of cases they are involved in. Writing in the scheme&#39s annual report, chief ombudsman Walter Merrickssays the service will rarely seem good value for money to small […]

Industry under fire over pension freedoms

By Jamie Clark, Business Development Manager, Royal London Recent articles in the media have raised concerns about the new pension freedoms. One perceived problem is that across the industry, trustees and providers are not necessarily allowing people to take full advantage of the pension freedoms in situ. This is backed up by a recent survey by […]


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