Citywire printed articles sponsored by:
View the article online at http://citywire.co.uk/new-model-adviser/article/a644550
Newton restructure sees Frikkee lose Higher Income fund
by Emma Dunkley on Dec 10, 2012 at 12:19
Newton Investment Managers’ Richard Wilmot is taking the reins of the firm’s Higher Income fund leaving current manager Tineke Frikkee facing an uncertain future.
Frikkee (pictured) is in discussions about her future at the company after being taken off the fund which she has managed since 2004.
The news comes as the firm announces a raft of fund mergers, following a significant shift by investors away from UK equities.
Simon Pryke, chief investment officer at Newton said: 'We believe that the UK equity team, under Richard’s leadership and working closely with our 17-strong global sector research analysts, will be well positioned to continue to successfully manage our UK equity portfolios going forward.'
News sponsored by:
Today's top headlines
Challenged by growing risk aversion?
Challenging financial markets over recent years have resulted in growing risk aversion among British savers and led many to seek safety in cash. Click here for more.
More about this article:
Look up the funds
by Jun Merrett on Dec 06, 2013 at 10:31