Close Investments loses three trusts to former MD

clock

Frostrow Capital, a company set up by four former members of the investment trust team at Close Investments, has already taken over three mandates from Close within a day of being launched.

Headed up by Alastair Smith, the former managing director of Close Finsbury Asset Management, Frostrow Capital is majority owned by its executive team which includes Grant Challis, Mark Pope and Tracy Arthur, all former employees of Close Investments, a subsidiary of Close Brothers Group. The company, as an independent boutique provider of management services to investment companies, claims it is unique in being “exclusively dedicated to performing the entire executive function for investment companies”, with the exception of portfolio management. As a result, it aims to win mandates fr...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Investment

Advisers expecting more of asset managers since Consumer Duty

Advisers expecting more of asset managers since Consumer Duty

‘We actually need to understand one another better’

Hope Coumbe
clock 27 March 2024 • 1 min read
Fears tech limitations could stall MPS on its upward trajectory

Fears tech limitations could stall MPS on its upward trajectory

‘There have been a few changes and challenges around growth in general’

Hope Coumbe
clock 27 March 2024 • 1 min read
Partner Insight: Beyond 60/40

Partner Insight: Beyond 60/40

Invesco
clock 27 March 2024 • 5 min read