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New Star rethinks roles for AAM funds

New Star is teaming up former Aberdeen Asset Management fund manager Neil Campling with ex-colleague John Pullar-Strecker to manage the technology funds it recently acquired from AAM.

The firm is also switching managers which it had previously announced would run the other funds bought from AAM in January.

Campling, currently working in the US after eight years with AAM, will be second manager of the £400m tech fund under Pullar-Strecker. He is also expected to co-manage the smaller European tech fund.

The management changes will see Theo Zemek – rather than James Gledhill as previously announced – manage the £1.1bn fixed-interest fund.

Gledhill will become second manager on this fund and will run both the high-yield bond and extra high-yield bond funds. Phil Roantree, who joined New Star as part of the AAM deal, will be lead manager on the sterling bond fund, which Zemek was originally selected to manage. She will now become second manager.

New Star has also appointed Mark Sanders from AAM as senior fixed-income manager under Gledhill.

Marketing director Rob Page says: “We re-evaluated the expertise we have and decided this was the best way of organising things.”


Annuity Bureau attacks &#39poor&#39 provider admin

The Annuity Bureau is accusing product providers of unacceptable and costly delays in producing pension fund data and payments which it says is costing annuitants lost income and lower annuity rates. The company has pointed to Abbey Life, Barclays, Pearl, Royal London and Windsor Life, saying their poor back-up is costing clients money on open […]

IFP call to scrap plan for adviser retesting

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Noble Fund Managers – Enterprise Venture Capital Trust

Friday, 7 February 2003 Aim: Growth by investing in quoted and unquoted companies Minimum investment: Lump sum £1,000 Opening/closing date: December 19, 2002/April 2, 2003 Charges: Subject to negotiation Commission: Initial 3% Tel: 080 7367 5606

Headhunt saboteurs

The team at MM would like to say it is flattered by the attentions paid to it by recruitment firm Latimer International. In a bid to poach staff at MM for no less than – wait for it, mega-network Misys – as press and communications manager, the headhunters approached three different MM reporters. The delicate […]

Retirement - thumbnail

Pension freedoms: stop the scams

At the beginning of 2015, we highlighted that the new pension freedoms that come fully online on 6 April also represent a very attractive opportunity for the criminal fraternity to scam savers out of some, or all, of their accumulated retirement savings.


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