RWC Partners has appointed former Threadneedle manager Mike Corcell to launch a US long short equity fund. The fund, planned for launch in the third quarter, will mimic Corcell’s £423m American crescendo fund which he set up and managed at Threadneedle. He spent five years at Threadneedle before moving to SAC Investment Management.
Legg Mason head of retail sales Andy McNulty has been made redundant following a restructure. McNulty’s departure is part of a review of all areas of the business, with his duties to be taken on by head of European sales and client services Justin Eede.
J O Hambro Investment Management has recruited Jeff Keen as director and co-head of fixed income. Keen was previously chief investment officer at TriAlpha Investment Advisors, where he chaired the asset allocation committee and was lead manager on all bond mandates.
Credit Suisse Orient fund manager Boon Yeon has been replaced by Aberdeen’s Hugh Young and his Asia Pacific equity team. The move follows the acquisition of Credit Suisse’s fund range by Aberdeen Asset Management.
Smith & Williamson Investment Management has recruited former New Star fund manager Charles Deptford. He is to take on the management of S&W’s UK equity growth and UK special situations trusts and will also assist Rupert Fleming on the UK long/short enterprise offshore fund.
Former New Star chief investment officer Alan Miller has unveiled his new business venture with two initial exchange traded fund offerings. Miller says his new business, Spencer-Churchill Miller Private, which he started in March, will look to revolu-tionise the private client wealth management industry.