Former Sesame Bankhall chief executive George Higginson has launched discretionary fund management (DFM) service Alpha Beta Partners.
Higginson (pictured), who was Sesame Bankhall chief executive for three years until 2014, will be joint managing director of the firm with former HSBC global head of wealth insurance Geoff Brooks. Ex-Extel City analyst John Reynolds will act as chairman and former NatWest Markets head of quants Shahid Chaudri has been appointed as chief investment officer. Alpha Beta Partners' passive range of funds cost between 33-39bps as an overall ongoing charge (OCF), using a combination of exchange-traded funds (ETFs) with active ‘high alpha' satellite positions. Meanwhile, its active/passive...
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