View more on these topics

Pignatelli made global chief at Schroders

Schroders&#39 star fund manager Mark Pignatelli has been promoted to global chief investment officer in a move which will see him relinquish management of two European funds.

Pignatelli, manager of the European and European dyn-amic growth funds, is handing over their management to Adriaan de Mol van Otterloo and Andrew Lynch respectively to concentrate on developing investment philosophy.

De Mol van Otterloo is unknown in the UK but already manages more than e500m of offshore money for Schr-oders – including its Luxemburg-based WMF European (excluding UK) fund – and has a solid performance track record.

Lynch is a well regarded European small cap analyst. He currently manages a smaller companies portfolio. Nevertheless, both funds will be put on hold by many IFAs until they find out what the managers plan to do with them.

Chief executive Michael Dobson says: “These key app-ointments reinforce the characteristics of the firm we want to build for the future – a modern, independent, global asset management firm supported by a strong investment process and efficient allocation of resources.”

Simpsons of Brighton partner Andrew Merricks says: “When funds are at the bottom of their sector and new people come in, they become more promising. But we will have to see how they perform before we start recommending them to clients.”


Reflections on mirror

Royal & Sun Alliance Eurolife has introduced the RSAE Framlington health fund, a Sicav investing in healthcare, medical services and product companies, which mirrors the offshore Framlington international portfolios health fund.Asked how the fund fits into the market, Pack says: “It is entering a crowded market with the big boys of pan-Europe.”Hill says it is […]

Don&#39t look gift horse in mouth

Advisers active in the inheritance tax planning market will doubtless be aware of the gift-with-reservation provisions as set out in S.102 and Schedule 20 of the Finance Act 1986.Generally speaking, if a gift is made, whether outright or via a trust, and some benefit is retained by the donor, the full value of the gifted […]

University challenge

With the imminent departure of first-year undergraduates, the costs mount up – house sharing, deposits, key money, the exorbitant cost of books (how much?), hall fees, allowances, season ticket renewal (how much?), the new home shirt (almost double the cost with “Wiltord” on the back and Premier League champions patches), the new away shirt, £40 […]

ABI warning on NHS costs

The Department of Health’s proposals to recover costs for the NHS in personal injury cases will add significantly to the costs of employers’ liability insurance, warns the ABI. The ABI estimates the proposals will increase employers’ liability insurance premiums by around 7 per cent.ABI head of general insurance John Parker says: “While we recognise that […]


News and expert analysis straight to your inbox

Sign up


    Leave a comment


    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