Schroders has appointed its third head of Japanese equities in three years after Andrew Rose stepped down from the role and returned to the UK.Rose has been replaced by Shogo Maeda but will cont- inue to run Schroders’ flagship Tokyo fund from the firm’s London offices. Rose returns for family reasons after taking over from Denis Clough in 2004. Over five years, the fund ret-urned 28.4 per cent against a sector average of 10.8 per cent but over one year, it is up by 27.9 per cent against an average of 38.4 per cent. Maeda joins from Goldman Sachs Asset Management in Japan, where he was CIO of Asia Pacific equities. Schroders has 13 fund managers on its Japan team, with four based in the UK. Schroders spokesman Rich-ard King says: ” His move is not a demotion. He and Schroders both feel it is inappropriate for him to continue as head of Japanese equities when most of the team is based in Tokyo.”
Last week, I found myself writing an article for the Sunday Herald, in Scotland, about the Financial Services Compensation Scheme.
Star fund managers are born, not made, believes Jupiter’s master of multi-management. His new book, Fundology, explains how to identify the best managers but he fears that individual investors lack the courage to follow their convictions and are still stuck in the tracker mentality, says Matt Davis.
Syndicate Asset Management has made a 17.4m offer for Savoy Asset Management. The offer is for 178.1p in cash for each Savoy ordinary share, representing a premium of approximately 6 per cent on the closing price of 168p per Savoy share on January 25, 2006. Savoy was formed in 1997 and has 1.1bn in assets […]
West Bromwich Building Society has launched a Shariah-compliant child trust fund in several of its Midlands branches. The Shariah baby bond will be invested in shares listed on the FTSE Global Islamic Index with management of the bond will be supervised by a Sharia advisory board of scholars.
John Hailer, CEO of Natixis Global Asset Management, says the company is focused on the UK, which it sees as being one of the world’s largest wealth markets with an unrivalled understanding of investments and funds.
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