News that fund managers Tim Callaghan, Adrian Darley and Jonathan Fearon have pledged to move to Britannic Asset Management from Gartmore will be followed by an active communications process to keep IFAs up to date on when exactly they will start their new management duties and how they will bring a different approach, says Jonathan Polin, sales and marketing director at BAM.
The overall objective is to improve the performance of BAM’s European funds, Polin says, on the basis of the successful investment process used by the trio as part of their proven track record at Gartmore.
Their joining may also lead to the launch of additional funds, but discussions on this would only take place once they have “got their feet under the table” with regards to the existing funds, Polin adds.
As for timing, Polin says Gallaghan and Darley are on six months notice periods at Gartmore, with Fearon on a three month notice period.
It is hoped that they could start sooner than this, but because of Gartmore’s own issues – it is currently subject to speculation of a new owner - it may be that they are forced to work out their full notice periods.
BAM’s current head of European Equities Andrew Killean and investment manager (Europe) Diane McEwan will be leaving the asset manager states.
If you have any comments you would like to add to this story or would like to speak to its author about a similar subject, telephone Jonathan Boyd on 020 7484 9769 or email [email protected].IFAonline
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