View more on these topics

Jupiter loses European special sits star to Schroders

Jupiter European special situations manager Leon Howard-Spink has left the company to join Schroders.

He will take over Schroders’ European alpha plus fund in November and replaces Adrian de Mol van Otterloo who is leaving to start his own business. Schroders’ former Japanese manager Denis Clough is to return from sabbatical to run the European equities desk. Gary Clarke, joining from Gartmore, will take over the running of two offshore funds.

At Jupiter, Howard-Spink’s 236m fund was ranked top decile over one and three years. He had managed the fund since 2001. It will now be taken over by Cedric De Fonclare who has been with Jupiter for six years.

Plan Invest managing director Michael Owen says: “This is a coup for Schroders. They have been strengthening Europe. Four years ago, they were har-dly on the radar as far as Europe was concerned but Otterloo has picked things up for them in the last two years. This will be a disappointment for Jupiter as no one likes to lose talented fund managers.”

Recommended

B&B offers new shared two-year fixed rate mortgage

Bradford & Bingley is offering borrowers an exclusive shared two-year fixed rate mortgage, funded by Alliance & Leicester. The product offers an initial rate of 4.28 per cent fixed until October 31, 2007. This reverts to base rate plus one – currently 5.75 per cent for the remaining term. With a 95 per cent maximum […]

Hotbed criticises ‘unjustifiably high’ initial property fund charges

Close Brothers and other institutions charge unjustifiably high initial fees for property funds, says Hotbed head of property Simon Cooke. The former Deutsche Property Asset Management chief executive says demand for these funds allows providers to levy initial fees of 5 per cent or more. Private investor network Hotbed charges a 495 joining fee, 1 […]

Broadband problem brings halt to business

As the daily post dwindles and more business is done online, I have, like a good many I suspect, embraced technology. Living and working in a rural area, I was delighted when BT announced that broadband would be available in the village. No more waiting what seemed like hours for a Mortgage Brain download to […]

Product Matters: Steps in the right direction

Standard Life Bank’s innovative rate-reducing mortgage offers a decrease in the rate each year for the first four years, meaning that fairly substantial interest savings can be made when the loan is at its highest. Similar schemes for adverse mortgages have been around for some time and have been used mainly as a way of […]

Newsletter

News and expert analysis straight to your inbox

Sign up

Comments

    Leave a comment