Russon to head up FT UK Select Growth
New recruit Ben Russon is to take over as lead manager of the Franklin Templeton UK Select Growth Fund in June and is already working on what he describes as an effective re-launch of the product.
New recruit Ben Russon is to take over as lead manager of the Franklin Templeton UK Select Growth Fund in June and is already working on what he describes as an effective re-launch of the product.
Newton IM head of fixed income Paul Brain has slashed local currency emerging market debt exposure in his BNY Mellon Global Dynamic Bond Fund in fear of Lat Am markets which have "squandered the commodity premium".
Standard Life has bagged itself a bargain, acquiring Newton Private Clients for around £83.5m in a move that will more than triple its AUM.
Despite a lot of talk about M&A, consolidation and that there are too many fund groups and funds – certainly too many poor-performing ones – nothing has changed on the product manufacturing side of our industry.
Newton's sales of its private client arm has taken a step change in progress with Standard Life reported to be in exclusive discussions over the £90m acquisition.
Richard Wilmot plans to turn over up to half of the £2.2bn Newton Higher Income Fund next year after taking control of the portfolio.
Tineke Frikkee has been replaced as fund manager on the £2.2bn Newton Higher Income Fund, while the asset manager has further consolidated its range.
In a webconference yesterday, fund manager Tim Wilson ruled out the possibility of adding the Newton European Higher Income Fund to his fettered Managed Income Fund.
Simon Nichols has been appointed as lead manager on the Newton Bridge Fund, replacing Caroline Tye who has been promoted to head of private client business at Newton.
Newton has expanded its private client team with the appointment of Clare Huijnen as an investment manager, joining from HSBC Private Bank.
Newton has appointed Sebastien Poulin as a high yield analyst in its global fixed income team, joining from Standard & Poor’s.
OBSR has removed its rating of the Newton International Growth Fund following the management reshuffle announced by the firm earlier this week.