View more on these topics

Thames goes boutique shopping

Thames River has unveiled the details of Gary Potter and Robert Burdett’s five multi-manager funds.

The range features equity managed, balanced managed, cautious managed, distribution and global boutiques funds. Global boutiques will aim to emulate the constellation fund that the pair ran at Credit Suisse, It will invest only in specialist fund houses and investment boutiques.

The equity managed fund will typically hold 50 per cent in UK equities and 50 per cent international equities.

The cautious managed and distribution funds will have around 60 per cent in equities, with the distribution fund aiming for a yield of 4-5 per cent.

Balanced managed will tend to have a higher equity weighting, up to 85 per cent.

The five funds will each hold between 20 and 30 investments. Charges are 5 per cent initial and 1.5 per cent annual. Minimum investment is £1,000.

Potter and Burdett say they each put down a provisional list of funds to buy in July and the recent volatility has offered them an interesting take on how managers perform in unsettled conditions.

He says: “It was interesting that some of the top-performing managers in the bull market have come unstuck in the past two or three months, whereas some had done well in both periods, giving us the ideal case studies for our portfolios.”

The funds will all be available through Cofunds and Funds Network at launch next month.


FSA trouble-shooter Knight joins law firm Bevan Brittan

FSA legal adviser and trouble-shooter Harvey Knight has left the regulator to head up the financial services arm of law firm Bevan Brittan LLP.Knight advised the FSA in its dealings with the recent Parliamentary Ombudsman inquires into who was responsible for the collapse of Equitable Life and dealt with litigation, judicial reviews, complaints and Freedom […]

Euro role for Parnaby at Standard

Standard Life managing director of sales Nathan Parnaby is moving across to head the insurer’s European business.Parnaby, who had overseen UK sales for three years, moves into the role of chief executive, Europe, and will also take responsibility for Standard’s wrap and platform propositions.The move has triggered a reshuffle in Standard’s distribution division. Paul Matthews […]

Out on a limb

Hargreaves Lansdown’s Tom McPhail has a rather unusual hobby which resulted in a broken arm last week.McPhail was in the Lake District with his family and decided to go mountain boarding which in his own words is “like snowboarding with less snow but more wheels”.Presumably showing off his skills in front of his children, Tom […]


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