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

Q&A: Reg A+ Will Transform the Alternative Asset Landscape

Jul 7 2015 | 4:03pm ET

In addition to easing capital formation for small companies, Regulation A+ has enormous...

Lifestyle

Fiat Chrysler Files Paperwork For Ferrari IPO

Jul 23 2015 | 5:05pm ET

Italian sportscar maker Ferrari has taken a step closer to a stock market listing...

Guest Contributor

Lifting of Foreign Ownership Limits Signals Sea Change in Vietnam's Capital Markets

Jul 28 2015 | 3:01pm ET

The lifting of restrictions on foreign ownership limits in Vietnam later this year...

 

Editor's Note