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Walker Crips Weddle Beck looking to double its range of funds

Fund manager and stockbroker Walker Crips Weddle Beck is planning to acquire new funds under management and double its range of investment products.

WCWB will add a UK equity income fund and a UK smaller companies fund to its range, subject to market conditions.

The company wants to take over the management of unit trusts where the existing manager and unitholders want to place their fund with new management rather than face the administrative burden and expense of winding up.

WCWB&#39s CF Walker Crips UK growth fund was third out of 284 funds in the UK All Companies sector last year, according to Standard & Poor&#39s.

WCWB chief executive Michael Sunderland says: “Our dedicated fund management team lead by Steve Bailey and Jan Luthman have produced outstanding returns against the conventional wisdom that big is best. We believe there is currently an opportunity to expand and bring the team&#39s abilities to bear on a wider range of funds.”

WCWB fund manager Steve Bailey says: “We are looking forward to developing a wider range of unit trusts. We believe we can double our range of funds in the months ahead.”

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