View more on these topics

Rothschild swoops for multi-fund duo

Rothschild Asset Manage-ment has recruited two of Friends Ivory & Sime&#39s multi-manager team to replace Rob Burdett and Gary Potter who resigned last week.

Bambos Hambi and Marcus Brookes will join RAM at the end of June, when Potter, Burdett and their colleague Kelly Prior leave to head Credit Suisse Asset Management&#39s multi-manager operations.

Potter and Burdett ran over £1bn in funds at RAM and are two of the highest-profile names in the UK multi-manager industry. They will aim to make CSAM a major player in the sector.

While Hambi and Brookes are not as well known, they bring considerable expertise to the RAM camp, with 21 years&#39 experience in the multi-manager arena between them.

Julie Dent, who works alongside Hambi and Brookes at FI&S, will act as caretaker manager for the company&#39s funds while the situation is reviewed.

The moves are the second high-profile shake-up in the multi-manager industry in less than two months after John Chatfield-Roberts and his team left Lazard at the end of February.

Hargreaves Lansdown head of research Mark Dampier believes RAM&#39s quick action to replace Burdett and Potter has been a smart move. He says: “Friends Ivory & Sime have never been big third-party managers. But Bambos knows all the managers and just because he is not as high profile does not mean he will not do a good job. I think it was a clever move by Rothschild.”

RAM head of retail Nick Hodgson says: “The Five Arrows multi-manager product range has already grown rapidly to reach over £1bn under management and RAM is committed to increasing the funds under management even further. We are delighted to be able to reassure our supporting intermediaries and investors that we have a new high-quality investment team in place with relevant experience to deliver attractive investment returns.”


Absolutely fabulous training opportunity

A new company offering online training to help IFAs prepare for regulatory exams is launching this week. Absolutely Training offers online courses for Financial Planning Certificate exams, Continuing Professional Development training courses and Cemap exams. Assistance for FPC one goes live next week while levels two and three will be available later in the year. […]

Nationwide marked down over &#39Cat&#39 cap mortgages

Nationwide Building Society has been criticised for offering Catmarked mortgages which IFAs claim do not comply with the Government&#39s standards. The UK&#39s biggest building society is accused of exploiting a technical loophole which allows it to market discount mortgages as Catmarked while charging borrowers redemption penalties. Under the Cat-standard rules, discount-rate mortgages are banned from […]


Compulsory purchase

The Government’ flagship pension project has finally been launched after a lengthy and controversial development process. The introduction of price capping amounts to arguably the biggest intervention in the free market of this Government’ administration and the price-capping features will doubtless be noted by other professions across the economy. The launch comes just as IFAs […]

Killik & Co – Stakeholder Pension

Thursday, 19 April 2001.Type: Individual stakeholder pension.Minimum premium: £20.Minimum-maximum ages: From birth-no maximum.Fund links: Scottish Widows all share tracker, Scottish Widows UK fixed interest index tracker, Scottish Widows mixed fund, Scottish Widows UK equity fund, Scottish Widows global equity fund, Scottish Widows fixed interest fund, Scottish Widows property fund, Scottish Widows safetyplus fund, Scottish Widows […]


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 thought leadership.

    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