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SLI reshuffles multi asset team following departures to Invesco

Standard Life Investments has reshuffled the multi-asset team behind the £12bn Standard Life Investments Global Absolute Return Strategies fund after three members quit to join Invesco Perpetual.

David Millar, Dave Jubb and Richard Batty will all join the Henley-based asset manager as it looks to compliment its global multi-asset team based in Atlanta.

Ian Pizer will transfer across from the Standard Life government bond team to the multi asset team. He will continue to manage the ARGBS fund but will also generate ideas for the GARs portfolio and will report to head multi-asset fund management Guy Stern.

Roger Sadewsky, who co-manages the ARGBS portfolio with Pizer, will continue on the portfolio, but will join the Strategic Investment Group to make a more “formalised contribution” to the multi asset team. He will continue to provide credit strategies for use in the ARGBS and GARs portfolios.

Meanwhile, Neil Richardson will assume responsibility for the equity strategies within the absolute return portfolios.

SLI says there will be no change to the investment process.

SLI investment director for global equities Lance Philips is also leaving the company with Steve Weeple taking on responsibility for the global equity portfolios and will report to SLI head of equities David Cumming.



George Soros: Germany must lead or leave euro

Veteran financier George Soros has called on Germany to leave the eurozone if it is not willing to help some of the weaker nations tackle their economic concerns. Soros said Europe was facing a prolonged depression and an end to the European unification project if steps were not taken to help its southern nations grow […]

PFS appoints Garry Hale as its new president

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OOC cartoon 130912

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FSA fines BlackRock £9.5m

The FSA has fined BlackRock Investment Management more than £9.5m for failing to protect client money adequately between October 2006 and March 2010. The fine was levied against the firm “for not putting trust letters in place for certain money market deposits and for failing to take reasonable care to organise and control its affairs […]


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