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Investec hands UK alpha fund reins to Rodrigs

Investec Asset Management has appointed Philip Rodrigs as lead manager on the Investec UK alpha fund.

Current lead manager Ken Hsia is to remain as an alternate manager of the fund and will continue to run the asset manager’s segregated UK unconstrained mandates.

Rodrigs is currently portfolio manager of the Investec UK smaller companies fund.

Investec managing director of the UK client group David Aird says: “Rodrigs will continue to focus on delivering outstanding risk-adjusted returns for our investors in the smaller companies fund.

“Given the additional resource we have added to the UK 4Factor equity team over the past year, it is a natural step to expand his responsibility to include the UK alpha fund, a multi-cap fund which leverages the wider team’s large cap focus and also allows Rodrigs to draw on his proven small cap experience.” 


Fitch says credit rating won’t be hit

Fitch says last week’s Budget had no impact on the safety of the UK’s AAA credit rating. Earlier this month, Fitch cut the UK’s rating outlook from stable to negative, warning that the UK economy would struggle to absorb unexpected shocks. It says the “fiscally neutral” Budget contained no unfunded tax cuts or spending promises, […]

Providers told to make product terms clearer

Structured product providers are being forced to review their contract terms in the wake of new FSA guidance. Last week, the regulator published final guidance following a review of structured products development and governance. Between November 2010 and May 2011, the FSA reviewed seven major structured product providers and found weaknesses in the way they […]


Ministry of Justice launches investigation into PPI claims

The Ministry of Justice has launched an investigation into claims management companies after a wave of invalid compensation claims on behalf of customers allegedly mis-sold payment protection insurance. According to the Financial Times, the move comes after the ministry received a number of complaints from banks over the issue. Around 80 per cent of PPI […]


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