Chase de Vere has said it is happy with the way in which the Rothschild multi-manager offering is be...
Chase de Vere has said it is happy with the way in which the Rothschild multi-manager offering is being managed following the change of manager from Gary Potter and Rob Burdett to Bambos Hambi, writes Robert Stock.
This follows the implementation of an aggressive pricing policy instituted by Hambi to keep fees down on underlying investments, leading to fears the service would have too narrow a range of funds to pick from.
Chase, which has substantial client assets in the £1bn service, had a meeting with Rothschilds last week.
The Rothschilds service had been on the intermediary's buy list prior to the arrival of Hambi.
Anna Bowes, spokesperson for Chase, said that although the fund of funds has not yet been put back on the group's buy list, its investment analysts were comfortable with the way the service was now being managed.
Bowes added: 'We certainly would not be recommending clients to sell.'
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