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Knotty problem

Indecision is not a qual- ity expected of major league fund managers. So it was with surprise that the Diary learned that North Investment Partners supremo John Husselbee was tying himself in knots over a photocall for the launch of the fund of funds boutique.

Apparently, Husselbee has around 150 ties, including a couple of bespoke numbers, and had to whittle the pile down to 10 for the press pics.

Ever dapper and fervently opposed to the open-necked shirt culture of boutiques, Husselbee settled on this number to make his stand against “the tyranny of dress-down Friday”.


Shopping outside the high street

I cannot help feeling a bit of sympathy for the high-street retailer. Virtually every other sector is pumping out solid earnings, typically in line with or beating estimates, and confidence is riding high.

Fidelity moves in young guns to run funds

Fidelity is making a number of changes to its equity portfolio management teams in what it says is a development drive for its younger managers. Mark Hodges moves on to his first retail fund portfolio after 10 years running institutional equities while Sanjeev Shah is picking up one of the firm’s biggest pan-European equities funds. […]

GE Life enhanced annuities rise 1%

Intelliflo will be the biggest software provider for the IFA sector within three years, claims chief executive Nick Eatock. The company is among the five biggest software providers for the IFA market, doubling user numbers from 2,000 to 4,000 since the management buyout from former parent Millfield in January, and Eatock says the firm’s use […]

Lenders start to cut rates

Mortgage rates have been cut by two major high street lenders following the 0.25 per cent fall in bank base rate. Alliance & Leicester and Nationwide are cutting rates on a selection of mortgages. A&L is reducing its standard variable mortgage rate by 0.25 per cent to 6.59 per cent, equivalent to a 7 per […]


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