Twitter icon Email alerts icon Latest News RSS icon Magazine icon Stay connected:

View the article online at http://citywire.co.uk/wealth-manager/article/a760768

Who bought & sold Brewin after £32m tech writedown

by Dylan Lobo on Jul 09, 2014 at 11:29

The Royal London position is held through a number of funds, including + rated Derek Mitchell's UK Mid Cap Growth and Victoria Stewart's UK Smaller Companies funds.

Citywire AA-rated Martin Cholwill was the biggest Royal London investor on 12 June with a 2.89% stake through his UK Equity Income fund. 'There has been a transitional management, so there is an orderly handover. I don’t think there is anything to worry about with the management change, he told Wealth Manager in April.

Nigel Ridge's UK Absolute Alpha and Ralph Cox's UK Smaller Companies funds are among the BlackRock investors.

Buyers

These trades were countered by big investments from Fidelity and Aviva Investors, which bought 2.08 million and 1.8 million shares respectively, lifting their interests to 7.35% and 3.88%.

Fidelity’s stake includes a 2.3% holding in Citywire AAA-rated Alex Wright’s UK Smaller Companies fund.

After March's Budget Wright was excited by the opportunity chancellor George Osborne’s shock overhaul to pensions presented to Brewin. ‘The Budget is [a] positive for wealth managers as it encourages saving and means pensioners will need more help managing their assets in retirement,' Wright said.

‘A key position is Brewin Dolphin which also benefits from internal change as a new management team focus on cutting costs and raising margins closer to those of peers.'

Meanwhile The UK Smaller Companies fund managed by David Lis and Trevor Green are among the Aviva investors.  

Unicorn Asset Management’s purchase of 500,000 shares through the Unicorn UK Income fund, which was managed by the late John McClure, was another notable trade. The moved lifted the fund’s stake to 2.81%.

The rest  

Beyond the eye-catching trades, other top investors in Brewin kept their positions more or less steady.

Sign in / register to view full article on one page

1 comment so far. Why not have your say?

Grumpy OAP

Jul 09, 2014 at 15:35

So what is the story here?

Looks like a puff piece for Brewin.

report this

leave a comment

Please sign in here or register here to comment. It is free to register and only takes a minute or two.

News sponsored by:

Sponsored Video: Bringing it all back home


As the UK coalition government strives to rebalance the national economy, so called 'reshoring' looks set to play an increasingly important role in economic recovery.

Today's top headlines

Sponsored Video: Barings on investing in Frontier Markets


From Nigeria to Pakistan and from Kenya to Kuwait, frontier markets are catching investors' attention as never before.

More about this:

Look up the funds

  • Kames Ethical Equity B Acc
    Register or Sign in to receive email alerts for items in your favourites whenever we write about them
  • Royal London UK Mid-Cap Growth A
    Register or Sign in to receive email alerts for items in your favourites whenever we write about them
  • Royal London UK Smaller Companies A
    Register or Sign in to receive email alerts for items in your favourites whenever we write about them
  • Royal London UK Equity Income A
    Register or Sign in to receive email alerts for items in your favourites whenever we write about them
  • BlackRock UK Absolute Alpha A Acc
    Register or Sign in to receive email alerts for items in your favourites whenever we write about them
  • BlackRock UK Smaller Companies A Acc
    Register or Sign in to receive email alerts for items in your favourites whenever we write about them
  • Artemis UK Growth R Acc
    Register or Sign in to receive email alerts for items in your favourites whenever we write about them
  • Fidelity UK Smaller Companies A Acc
    Register or Sign in to receive email alerts for items in your favourites whenever we write about them
  • Aviva Investors UK Smaller Companies SC 1
    Register or Sign in to receive email alerts for items in your favourites whenever we write about them
  • Unicorn UK Income A Inc
    Register or Sign in to receive email alerts for items in your favourites whenever we write about them
  • Old Mutual UK Smaller Companies A Acc
    Register or Sign in to receive email alerts for items in your favourites whenever we write about them
  • Old Mutual UK Mid Cap A Acc
    Register or Sign in to receive email alerts for items in your favourites whenever we write about them
  • Invesco Perpetual UK Small Cos Eq Acc
    Register or Sign in to receive email alerts for items in your favourites whenever we write about them
  • Montanaro UK Smaller Companies GBP Dist
    Register or Sign in to receive email alerts for items in your favourites whenever we write about them
  • Elite Webb Smaller Companies Income & Growth Acc
    Register or Sign in to receive email alerts for items in your favourites whenever we write about them

Look up the shares

  • Artemis Alpha Trust PLC
    Register or Sign in to receive email alerts for items in your favourites whenever we write about them
  • City of London Investment Trust PLC
    Register or Sign in to receive email alerts for items in your favourites whenever we write about them

Look up the fund managers

  • Audrey Ryan
    Register or Sign in to receive email alerts for items in your favourites whenever we write about them
  • Derek Mitchell
    Register or Sign in to receive email alerts for items in your favourites whenever we write about them
  • Victoria Stewart
    Register or Sign in to receive email alerts for items in your favourites whenever we write about them
  • Martin Cholwill
    Register or Sign in to receive email alerts for items in your favourites whenever we write about them
  • Nigel Ridge
    Register or Sign in to receive email alerts for items in your favourites whenever we write about them
  • Ralph Cox
    Register or Sign in to receive email alerts for items in your favourites whenever we write about them
  • Tim Steer
    Register or Sign in to receive email alerts for items in your favourites whenever we write about them
  • John Dodd
    Register or Sign in to receive email alerts for items in your favourites whenever we write about them
  • Alex Wright
    Register or Sign in to receive email alerts for items in your favourites whenever we write about them
  • David Lis
    Register or Sign in to receive email alerts for items in your favourites whenever we write about them
  • Trevor Green
    Register or Sign in to receive email alerts for items in your favourites whenever we write about them
  • Daniel Nickols
    Register or Sign in to receive email alerts for items in your favourites whenever we write about them
  • Richard Watts
    Register or Sign in to receive email alerts for items in your favourites whenever we write about them
  • Jonathan Brown
    Register or Sign in to receive email alerts for items in your favourites whenever we write about them
  • Peter Webb
    Register or Sign in to receive email alerts for items in your favourites whenever we write about them

More from us

Archive

On the road

Click here to find out more from the Audience Development team.

Sorry, this link is not
quite ready yet