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Meet the manager: Jupiter’s Chatfeild-Roberts on youthful enthusiasm versus experience

Jupiter’s fund-of-funds veteran explains his choice of manager to replace Woodford in his portfolios “In a raging bull market, young fund managers can often generate stellar performance but, on balance, experience trumps youthful enthusiasm.” So wrote John Chatfeild-Roberts in his 2006 book, Fundology. Twelve years later, Jupiter Merlin’s head of strategy on independent funds says […]

Newell Palmer

Profile: Newell Palmer boss on keeping acquisitions simple

IFA Newell Palmer is growing through acquisition but group managing director Philip Stepp will not retain the staff of acquired firms. When Newell Palmer group managing director Philip Stepp founded the Midlands-based IFA 25 years ago, he had big ideas. Rather than create a lifestyle business and keep it small, Stepp was determined to grow […]

Handshake

BT Pension Scheme sells majority stake in Hermes

The BT Pension Scheme is selling its majority stake in Hermes. The deal worth £246m will see New York-based fund giant Federated Investors take control of the asset manager. BT Pension Scheme will retain a 30 per cent stake in Hermes, continuing to invest as a client. Hermes’s management will retain an interest of around […]

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