F&C plays down fund manager exits

The pair have not named their new employer, though it is understood not to be a competitor to F&C. They have been at the group since joining from DWS in late 2005. F&C's £62m Special Situations fund was launched for Newman in December 2005. The fund has been top quartile in the UK All Companies sector over the past year, with growth of 13.06pc (bid-to-bid, according to Lipper, 30.10.07). Hillary Aldridge will take over management of the portfolio, while also remaining in her current role as alternate manager on Ted Scott's Stewardship Growth and Income portfolios. Jason Hollands, head...