James Brandt, divisional director of international business development at Hendersons, is moving to ...
James Brandt, divisional director of international business development at Hendersons, is moving to help Tim Woolley and Brian Ashford-Russell to develop business at the boutique that they are setting up in the New Year, writes Robert Stock.
The news comes as the board of the Henderson Technology investment trust has agreed to follow the outgoing managers to their new investment boutique, Polar Capital. The outgoing Hendersons' fund managers have been replaced by Stuart O'Gorman and Paul Kleiser from Scottish Equitable Asset Management (SEAM), who take over at the helm of the open-ended onshore and offshore Henderson technology funds.
SEAM said that the imminent departures of the two has not sparked a rush of redemptions or stemmed inflows to the fund and it remains one of the main products that the company will be promoting in the coming Isa season.
Jon Bennett, head of retail fund sales at SEAM said redemptions from the tech fund from August were a little over £150,000, up to £300,000 in September and October, and £400,000 in November. Sales were £4m in August, £7m in September, £5m in October and £5.5m in November.
The management of the Scottish Equitable Technology fund is being taken over for the foreseeable future by Elaine Heaton-Armstrong and Andrew Dove, who have been promoted from within the technology team.
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