group Hits £1bn retail sales mark despite a number of high profile departures this summer
Newton has reached the £1bn net retail sales mark for 2001 despite seeing some redemptions as a result of fund manager departures this summer. Newton estimates that for every £4 invested into the group's funds this year there has been £1 of redemption. Newton's year has been uncharacteristically eventful with the group suffering a number of high profile departures, following the end of a contractual lock-in period in July. Other key managers remain locked-in until May next year. The resignations included UK income fund manager Toby Thompson, who is to join New Star Asset Management, ...
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