More boutiques to shop in by 2008

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More and more fund managers are opting to leave large houses and strike out on their own, according to Resolution Asset Management.

The firm says it expects a “slew” of new boutiques to hit the market this year and claims the number of fund managers privately admitting to plans to launch their own businesses is rising. Resolution director, Jonathan Polin, says he has spent two years speaking with managers as part of its search for candidates with whom to enter into boutique joint ventures. Polin claims he is being contacted by an increasing number of managers enquiring about their involvement in any boutique launches. “Boutiques have long been a feature of the investment world but it is remarkable how many manager...

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