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Leggmason to launch onshore US small cap fund

Leggmason is waiting for FSA approval to launch an onshore version of its Dublin-domiciled US small cap fund, which is up 102 per cent since launch in November 2001.

The new fund will be run by the same manager, Chuck Royce, who
runs the offshore fund in the US through his company Royce Associates, a Leggmason subsidiary. It will hold between 70 and 80 stocks but will differ from the offshore version, which invests in small and micro caps, by targeting small and mid cap firms, with a slight bias to the latter.

Chelsea Financial Services managing director Darius McDermott says: “We have been waiting a long time for this fund so we are delighted Leggmason is finally launching it.”


Personal Touch Insurance receives network status

Personal Touch Insurance has announced it has been granted IFA network status by the FSA and is now moving to set up a network. It describes the move as the “final piece in the jigsaw” of its plans of offer intermediaries access to a “financial supermarket” offering regulated products, including pensions, investments, mortgages and general […]

Scouting for boys

In the first of an occasional series, the Diary sets about finding out the deepest darkest secrets of the PR fraternity. Although most would think butter would not melt in her mouth, we can reveal the scout hut shame of Aegon&#39s consummate PR professional Ms Lesley “leisurely” McPherson.Entrusted as a girl guide patrol leader to […]

Stonebanks nears target

A second attack against Standard Life&#39s mutual status looks imminent with carpetbagger David Stonebanks announcing he has collected 1506 request forms to hold a special general meeting to vote on demutualisation. Stonebanks has written to company secretary Marcia Campbell saying he expects to meet his target of 2000 forms within a month. He believes holding […]

Independent view

Dare I say it, but the pension review still lingers on like a dark shadow over the reputation of pensions and everyone connected with them. The public have been left with a nasty taste and severe doubts about what to do for the best.Having said that, we have definitely noticed an upturn in morale among […]


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