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JO Hambro poaches F&C’s Ulrich for Wood’s UK fund


JO Hambro Capital Management has hired former F&C manager Michael Ulrich to work alongside John Wood on the UK Opportunities fund.

Ulrich will work alongside lead fund manager Wood, fund manager Rachel Reutter and analyst Todd King on the £1.6bn UK fund. He joins in mid-August.

He left F&C in April this year, where he most recently managed the F&C UK Mid Cap Fund. Thomas Wilson took over that £30m fund at F&C.

Wood says: “Michael is a multiple award-winning fund manager with an impressive performance record generated following a similar philosophy and approach to our own.”


Tilney Bestinvest hires new CFO

Tilney Bestinvest has appointed Stuart Layzell as its new chief financial officer. Layzell has previously worked at PwC, the private equity arm of Lloyds – LDC – and helped to launch the Business Growth Fund. Most recently he worked for private equity-backed technology companies Fourth and Isotrak. The CFO role at Tilney Bestinvest is new. […]

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FCA bows to provider pressure on Sipp cap ad rules

The FCA has set out proposals to ease the burden on Sipp providers ahead of the introduction of new capital adequacy requirements in 2016. In its quarterly consultation, published last week, the regulator says firms will still have to calculate assets under administration quarterly but can use valuations up to a year old. It says: […]


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