View more on these topics

Littlewood set for retail return

Artemis fund manager William Littlewood is set to make a return to the retail market with the launch of an absolute return type fund later this year, Money Marketing understands.

The former Jupiter income star is believed to be looking to run a macro-based hedge vehicle with Ucits III powers.

Artemis announced in November 2008 the closure of Littlewood’s Dublin-domiciled absolute return hedge fund despite good performance. The £13m fund was only run for a hand- ful of private investors.

Littlewood ran the Jupiter income fund for 10 years. He took a sabbatical in 2000 due to ill health, having built the fund up to £1.5bn. He then passed the management to Tony Nutt.

The firm is believed to be planning an April launch.

Artemis product and communications director Nick Wells says the firm has no product plans at this stage.

He says: “We do not comment on market rumour but if we do have something planned for later this year we will discuss it then.”

Recommended

Drawdown suffers in quantitative move

Income-drawdown investors could see their annual withdrawal limit drop significantly as a result of the Bank of England’s quantitative easing programme, says Scottish Life.

Sky structure

Structured investment firm Blue Sky Asset Management has its roots in HSBC, where the three principals all worked together in the 1990s.

Newsletter

News and expert analysis straight to your inbox

Sign up

Comments

    Leave a comment

    Close

    Why register with Money Marketing ?

    Providing trusted insight for professional advisers.  Since 1985 Money Marketing has helped promote and analyse the financial adviser community in the UK and continues to be the trusted industry brand for independent insight and advice.

    News & analysis delivered directly to your inbox
    Register today to receive our range of news alerts including daily and weekly briefings

    Money Marketing Events
    Be the first to hear about our industry leading conferences, awards, roundtables and more.

    Research and insight
    Take part in and see the results of Money Marketing's flagship investigations into industry trends.

    Have your say
    Only registered users can post comments. As the voice of the adviser community, our content generates robust debate. Sign up today and make your voice heard.

    Register now

    Having problems?

    Contact us on +44 (0)20 7292 3712

    Lines are open Monday to Friday 9:00am -5.00pm

    Email: customerservices@moneymarketing.com