View more on these topics

Sanlam’s Polin joins Argonaut Capital as Norris seizes control of fund manager


Barry Norris has taken full control of Argonaut Capital, ending his joint venture with Standard Life Investments, and has hired Sanlam’s Jonathan Polin.

Norris formed Argonaut as a joint venture with Britannic Asset Management, which then became Resolution, then Ignis and most recently Standard Life Investments.

As a result of the move Oliver Russ, who is lead manager of the £169m Argonaut European Income fund and the £131m European Enhanced Income fund, will move to Liontrust, taking the two funds with him.

Argonaut will retain the European Alpha, pan-European Alpha and Absolute Return businesses, which has around £1.1bn in assets.

Argonaut Capital has also hired Sanlam chief executive Jonathan Polin as its chairman. Polin was involved in founding Argonaut when he was at Britannic. He will continue in his role at Sanlam following the appointment.

Polin says: “I have a long association with Argonaut and am extremely pleased to witness its strong growth, particularly since the business became operationally independent.

“Argonaut’s investment process has proven the test of time and this move will allow the group to continue to invest in its investment team and distribution capabilities.”

Liontrust will merge Russ’ two Argonaut funds into the the Liontrust European Income and Liontrust European Enhanced Income Funds, which will be launched shortly. Russ will run the two funds, using the same investment process as currently.

As a result, Russ will become head of European income at the asset manager. The transition of the funds is due to be completed in June this year.

John Ions, chief executive of Liontrust, says: “Olly Russ will be an excellent addition to our six existing fund management teams. Olly is an experienced and highly respected manager and will extend our equity income capability at a time when demand for income investing is only going to rise through increased longevity and pension freedoms.”

Argonaut’s separation from SLI is subject to regulatory approval.



New York Stock Exchange owner plots £10bn LSE bid

The owner of the New York Stock Exchange has secured funding from a group of American and Asian banks as it plots a £10bn bid for the London Stock Exchange, Sky News reports. According to the report, InterContinental Exchange has reached agreement with Morgan Stanley, Wells Fargo and Japan’s Mitsubishi UFJ to provide part of […]


Billy Burrows: Gut reactions blocking reasoned analysis on pension freedoms

It has been said before most decisions have both an analytical and emotional component, and getting the emotional part right makes the analysis easier. The emotional side of pensions has been seen clearly in the initial reactions to the freedoms, with the focus on taking pension pots as cash lump sums rather than income. While there may […]

FCA logo new 620x430.jpg

Advisers to pay bulk of costs as FCA budget hits £519m

The FCA has set its budget for 2016/17 at £519.3m, with advisers paying a greater share towards the regulator’s costs than banks, insurers and fund managers. The FCA business plan and budget, published today, represents an 8 per cent increase on the £481.6m FCA costs for 2015/16. Of this, financial services firms will pay £469.8m […]

Hall-Peter-Tilney Bestinvest-2014-700x450.jpg

Tilney Bestinvest eyes regional acquisitions after Towry deal

Tilney Bestinvest chief executive Peter Hall says the company will not seek any other large-scale acquisitions after its takeover of Towry, instead looking for regional deals. Tilney Bestinvest is to acquire Towry for £600m, buying the entire company, including Palamon Capital Partners’ majority stake and shares owned by Towry staff. The combined business will have […]

The curious market reaction to Brexit

Written by Mike Riddell29 June 2016 Headlines over the past few days have screamed about record falls in sterling, record low bond yields and massive falls in equity prices. However, if you take a slightly longer view of markets rather than simply the one- or two-day reaction, I think it’s amazing how little markets have […]


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