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Rensburg sells corporate bond fund to Gartmore

Gartmore has announced it is to buy Rensburg’s corporate bond fund which will be run by John Anderson.

Gartmore announced in February the appointment of Anderson as head of credit after securing his services from Rensburg. The deal allows Anderson to continue to run the fund at Gartmore.

Rensburg says the move is part of a strategy to focus solely on equity investment.

Rensburg joint chief executive Alex Brotherston says: “We have already established an enviable reputation for delivering consistently superior returns in UK equity investment. Rather than dilute this, we believe it makes sense for our fund management team to focus their expertise on what they do best.”

Brotherston says the firm, “in time”, will be introducing new products that specifically play to “their strengths”.


IFAs are doing it for themselves

IFAs are increasingly looking to develop their own wrap propositions rather than use an existing provider, according to Platforum managing director Holly Mackay.

Small returns

The success story of many an investor’s portfolio in the first half of the decade, UK smaller companies, dropped down the pecking order as advisers look to tackle market falls.

Osborne and Turner lead list at ABI conference

Conservative Shadow Chancellor George Osborne and FSA chairman Adair Turner are just two of the high-profile names speaking at the Association of British Insurers’ biennial conference, in partnership with Money Marketing and KPMG.


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