UK equity income managers have found their early purchases of Lloyds Banking Group thwarted by a longer than expected delay in the bank restarting dividend payments.
J.O.Hambro Investment Management has rebranded itself as Waverton Investment Management today following the management buy-out from Credit Suisse.
Credit Suisse has completed the sale of J O Hambro Investment Management to the private client business' management team and Bermuda National Limited (BNL).
Senior staff at J O Hambro Investment Management are to buy out the business from owner Credit Suisse with the help of banking group Bermuda National.
Emma O'Neill, investment research analyst at OBSR, a Morningstar company, compares some of the Europe funds rated by the business.
St.James's Place will replace the management on its £414m UK and General and £388m Greater European funds.
J O Hambro is offering financial advisers a discounted initial charge on its OEIC range for a limited period.
J O Hambro Capital Management (JOHCM) senior fund manager Clive Beagles has decided to take a sabbatical of up to six months.
Managers of UK income funds are positive about the prospects for their sector given economic fundamentals, but are split over what could happen to interest rates through next year.