Neptune to close US Mid Cap fund as manager departs
Neptune is planning to close the US Mid Cap fund following the departure of manager Patrick Close.
The fund has only attracted £500,000 in assets since its launch last year. Ali Unwin, manager of the Neptune US Opportunities fund, and George Boyd-Bowman, manager of the Neptune US Income Fund and Neptune Global Income funds, will manage the fund until the proposed closure.
Stephen Message joins LGIM eight months after OMGI exit
Stephen Message has joined LGIM eight months after his sudden exit from Old Mutual Global Investors.
It was announced that Message, who will focus on UK income strategies at LGIM, was leaving OMGI in December, with Ed Meier taking over the management of the Old Mutual UK Equity Income fund.
Liontrust plans fund launches as it nabs Roberts and Milburn from Kames
Liontrust will launch three fixed income funds after hiring David Roberts and Phil Milburn from Kames Capital.
The pair will join Liontrust’s Edinburgh office, where they will launch the Strategic Bond, High Yield Bond and Absolute Return Bond funds.
Kames appoints fixed income co-heads
Kames Capital has appointed Stephen Snowden and Adrian Hull as co-heads of fixed income following David Roberts and Phil Milburn’s move to Liontrust.
Snowden is currently head of credit while Hull is currently senior fixed income investment specialist. Snowden will continue as co-manager of the Kames Absolute Return Bond fund, the Investment Grade Bond fund and the Investment Grade Global Bond funds.
Nick Samouilhan to join multi-asset team at T. Rowe Price
Nick Samouilhan is to join T. Rowe Price as a solutions strategist in the EMEA multi-asset solutions team following his departure from Aviva Investors.
Samouilhan spent seven years at Aviva where he co-managed the £2.4bn Multi Strategy Target Income fund and the risk-targeted multi-asset funds having begun his fund management career at Investec Asset Management. He joins T. Rowe Price in November.
Walker Crips appoints CEO as Fitzgerald steps down
Walker Crips has appointed Sean Lam as chief executive following Rodney Fitzgerald’s decision to step down as CEO.
Fitzgerald will continue in his other role as group finance director as part of a phased retirement. Chief investment officer Mark Rushton will assume Lam’s role of CEO Walker Crips Stockbrokers, subject to FCA approval.