Five Arrows cuts holdings

Professional Adviser
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fund manager bambos hambi reduces portfolio to 116 holdings and sells out of abn amro uk growth

Bambos Hambi has cut the number of funds his Rothschild Asset Management's Five Arrows Wealth Management Service holds by 22 since taking over six months ago. The move was made to create a completely unbiased service picking only external funds from an offshore and onshore universe of more than 5,000. Funds that have been removed include three Five Arrows funds, UK Smaller Companies, UK Major Companies and US Dollar Bond. The best known external funds that Hambi has cut from the service are products which were bought during the tenure of previous managers Gary Potter and Rob Burdet...

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