John Husselbee is starting an independent multi-manager boutique for Neptune after running the firm’s Quilter funds of investment trusts for 10 months.The new multi-manager business will have an independent structure under a non-conflicting brand. Further details are expected to be ann- ounced later this week. When Husselbee quit as Henderson’s director of multi-manager investments in May, his poor comparative performance was attributed to him being underresourced. Henderson’s independent growth portfolio is in the third quartile over three years. Husselbee began running the Quilter global income and global growth funds of investment trusts in October 2004, when Neptune bought the funds and sacked manager Derek Larcombe. The global growth portfolio is up by 78.1 per cent over three years compared with a sector average of 41.2 per cent. Neptune will bring management of the Quilter funds in-house and rebrand them under its own banner. Husselbee will continue to run them in partnership with managing director Robin Geffen. Geffen says: “I chose Husselbee to run the Quilter funds for his fund selection skills but his track record in building Henderson’s multi-manager business made him a natural choice to develop the new business.” Churchill Investments head of research Warren Perry says: “Neptune has got a man in Husselbee who has been round the block a few times and knows the right people to speak to. The $64,000 question is whether he is up to the job.”
Friends Provident has joined the Adviser E-Enquiry project, led by technology suppliers 1st and supported by Prudential, Scottish Widows, Standard Life, Webline and IBM.The project aims to promote the take up of ecommerce across the adviser community.Following the groups research study in May it now moves to the second phase of the project, aimed at […]
Speculation has increased on whether BM Solutions will be entering the equity-release market after the firm surveyed 200 brokers on whether the sector has potential. Asked which market holds the most potential over the next 12 months, 36 per cent of the brokers who were interviewed in June put equity release at the top of […]
The extraordinary Texan, Lance Armstrong, has just won his seventh successive Tour de France.
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