Ex-Colonial First State fund manager Henry Thornton has set up on his own. The new London-based offs...
Ex-Colonial First State fund manager Henry Thornton has set up on his own. The new London-based offshore investment company is called BDT and, although no details have been released as yet, he hopes to launch his first product early next year.
Thornton was head of emerging markets at Colonial First State until earlier this year when the company bought Stewart Ivory. In a move to consolidate, the emerging markets desk was transferred to Angus Tulloch and his team in Edinburgh. Thornton then left along with Robert Brewis, who was the senior emerging markets portfolio manager at the time, to set up his own business.
Thornton has a long-running emerging markets background. For four years he was Thornton management's senior fund manager for South East Asia before joining Credit Lyonnais International Asset Management (CLIAM) in Hong Kong. He was responsible for CLIAM's range of funds.
In July 1997 Nicholas Applegate took over the CLIAM's London, Hong Kong and Singapore offices which were subsequently bought by Colonial in April 1999.
Robert Brewis is a long-time colleague of Thornton's, both of them having worked together for CLIAM in Hong Kong. Like Thornton, Brewis remained with the company when it was bought by Nicholas Applegate, then by Colonial First State.
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