F&C Loses Two To Hedge Fund

Nov 19 2007 | 12:23pm ET

London-based F&C Investments is losing two of its top fund managers to a hedge fund.

Makis Kaketsis and Luke Newman have left the asset manager for an undisclosed hedge fund. The duo told F&C that it is not a competitor.

At F&C, Newman ran a £62 million (US$127 million) Special Situations fund, and Kaketsis the firm’s U.K. Dynamic Fund. In addition, the pair ran a British 130/30 product launched in August.

The Special Situations fund has reportedly been charged to Hilary Aldridge, who manages the U.K. Growth & Income funds where she is responsible for small and mid cap stock selection. The firm said there would be no change to Aldridge’s existing role. The U.K. Dynamic fund will be co-managed by F&C head of equities Peter Lees and U.K. Smaller Companies fund portfolio manager Catherine Stanley.


In Depth

Fundraising for Mid-Sized PE Funds: Should You Use a Registered B/D?

Dec 6 2016 | 7:18pm ET

When does a fund sponsor need to use a registered broker/dealer when raising capital...

Lifestyle

Trump Attends 'Villains and Heroes' Costume Party Dressed As...Himself

Dec 5 2016 | 11:16pm ET

U.S. President-elect Donald Trump attended a "Villains and Heroes" costume party...

Guest Contributor

Nowhere to Hide: Why the Future of Asset Management Depends on Innovation

Nov 15 2016 | 6:55pm ET

Information technology has reshaped the asset management industry’s periphery,...

 

From the current issue of

Since the inception of Modern Trader, a core editorial theme has centered on the wisdom and power of crowds. Editorial emphasis has focused on companies and projects engaged in the collection and analysis of information. 

AVAILABLE NOW at BARNES & NOBLE

NEWSTAND LOCATOR