Collins Stewart

Collins Stewart's head of fund sales Michael Brown has left the firm to become a financial adviser.

Here we list who has moved where in another busy week in the offshore sector.

Hedge funds should still form part of a well diversified portfolio despite many vehicles suffering poor performance during the financial crisis, Collins Stewart's Richard Hodgetts says.

Clients will be intensifying their search for income in 2009 with investment grade bonds proving particularly attractive, according to Justin Oliver, co-manager of the Collins Stewart multi-manager funds.

Collins Stewart Fund Management has launched a new UK Focus fund, targeting undervalued stocks estimated to be at a 40 to 50% discount.

Collins Stewart has launched a stand alone fund management operation and rebranded its Wealth Management business.

NORWICH UNION is again cutting payouts on maturing mortgage endowment policies, even though its main with-profits funds returned 17.7% before tax last year, says this morning's Guardian .

Scots-born fund manager Scott McKenzie is leaving Morley Fund Management to head up Martin Currie's £30 million UK equity income fund, reports this morning's Scotsman .

Shares in stockbroker Collins Stewart Tullett, the FTSE 250 firm, have surged this morning after the FSA announced it has closed its investigation without further action into allegations of "dodgy share dealings".