Resolution Asset Management has completed its search for a third senior European equity team member having rec- ruited Singer & Friedlander head of European equities Ian Ormiston.Ormiston joins European team head Adrian Darley and Jonathan Fearon, who arrived recently from Gartmore. Tim Callaghan was origin-ally earmarked to head Resolution’s new European in-house team after resigning from Gartmore and signing a contract with Resolution along with his two former colleagues. However, Gartmore chief executive Jeff Meyer pursu-aded Callaghan to remain with the group by offering him an improved equity stake in the business following the management buyout three months ago. Ormiston will be joining Resolution in January in the role of investment director, European equities. He will share responsibility for running the group’s core retail and institutional European equity portfolios with with Darley and Fearon. The group’s high alpha funds, run by Argonaut Capital fund managers Barry Norris and Oliver Russ, will remain distinct from these funds. Resolution sales and marketing director Jonathan Polin says: “This is our third senior appointment to the European team and it completes our current recruitment plans in this area.”
Bright Grey product marketing manager Alison Flintham is leaving the firm in January to play for the Scottish team in the touch-rugby World Cup.
IFA reaction to Jupiter’s planned global income fund has been mixed, with some advisers voicing concerns that star manager Anthony Nutt may become overstretched. Nutt already runs £4bn in retail money split across the £3.4bn income and £600m high-income trusts. Bestinvest head of communications Justin Modray says: “My main concern would be whether they are […]
Standard Life has purchased a 10 per cent shareholding in Simply Biz as part of the continued development of its distribution strategy.
Gartmore has made two senior appointments to its global emerging markets team.Sebastian Barry-Taylor joins next month as global emerging markets analyst covering the global consumers sector. He was previously at JP Morgan where he was vice president LatAm and CEMEA. Richard Clode joins from Herald Investment Management in January as global emerging markets analyst covering […]
Nearly 12 months since sweeping to power, prime minister Narendra Modi has overseen a significant turnaround in India, which is now on track to become one of the most pro-growth, pro-investment economies in Asia. While the market has rallied 48 per cent over the last year in response to Modi’s reform agenda, what is the potential for further progress?
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As the outlook for the UK’s economy remains uncertain, how can advisers prepare portfolios for any change in inflation? As higher inflation fails to appear on the horizon and wages grow faster than expected, fund managers are weighing up their portfolio moves for any potential changes in the economy. The UK consumer prices index rose […]
IFA directors Kevin and Cheryl Neal have been banned from being company directors by the Insolvency Service for six and four years, respectively. The married couple ran the now-defunct Hertfordshire-based Kevin Neal Associates Wealth Management. They were disqualified for taking assets from an insolvent company. The firm had been incorporated to take over the business interests […]
Hartley Pensions has bought the “untainted” assets of the Lifetime Sipp Company, which went into administration earlier this year. An update published today on the website of Lifetime’s administrators Kingston Smith & Partners says Hartley Pensions has also agreed to administer the tainted Sipps held by Lifetime Sipp. The administrator described tainted assets as those where […]