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Review of 2004: Fund managers

The year has seen the usual moves among fund managers, with one of the highest-profile movers being Clive Beagles, who quit as manager of the Newton higher-income fund in March to join JO Hambro Capital Management’s new UK equity income fund.

In April, star UK fund manager Neil Pegrum left Insight Investment after less than 18 months to manage both a hedge fund and a long-only portfolio for Cazenove Fund Management.

In July, five Investec fund managers, including Jeremy Rigg and Michael Rimmer, left suddenly after clashing with chief executive Hendrik du Toit over increased pay demands.

In September, Threadneedle Investments appointed Graham Kitchen as head of UK equities. Kitchen, formerly co-head of investment at Invesco Perpetual, now leads the equity team of 20 responsible for 18bn in assets under management.

Just this month, former Isis strategic bond and extra income bond fund manager James Foster announced he will be joining Artemis towards the end of the first quarter of next year.

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