F&C calm despite fund manager exits

The pair have decided to part company with the firm they joined at the end of 2005 and take up a role at a global hedge fund group. First-time manager Hilary Aldridge has been handed control of Newman’s UK Special Situations fund, while UK equities chief Peter Lees and smaller companies head Catherine Stanley will take over Kaketsis’ UK Dynamic fund. Lees will also oversee the F&C Enhanced Alpha UK Equity 130/30 fund, which Newman and Kaketsis managed since its August launch. F&C communications head Jason Hollands says the senior managers will have no problem filling the void. “We have...