Timberlake unveils investment boutique

Former Portfolio director Richard Timberlake has set up an investment boutique which will provide investment advice to his previous former employer's product range and also launch its own fund of funds. Timberlake, along with Peter O'Connor, also ex-Portfolio and Paul Kim, who was a fund of funds manager at Old Mutual, have set up IMS. This will advise on some £150m in Portfolio fund of funds and a further £310m in institutional money. The boutique is seeking to sign up a small number of clients, targeting a major building society, a European bank and major Asian institution, Timberlake s...