Parkway in Newton tie-up

Ian McVeigh's hedge fund boutique, Parkway Capital, is to tie up with Newton Investment Management founder Stewart Newton's new company, Real Return Holdings (RRH), after Jupiter unveiled McVeigh as new manager of its UK Growth fund. RRH is to buy an equity stake in Parkway and likewise Parkway will buy a stake in Newton's new venture. Nick Carn, managing director at Parkway, said the deal will enable the groups to pool financial and investment resources. The news comes after the departure of Parkway's co-founder and manager of the Parkway Global fund, Ian McVeigh, who is joining Ju...