Investment Adviser articles from November 2002

Investment Adviser archives from November 2002

Gullwing fund aimed at the retail market.(Gullwing Asset Management's Gullwing No 1 L.P.)(Brief Article)
November 11, 2002... Gullwing Asset Management is to launch a property fund which will bring institutional fund expertise to the retail market. Gullwing No1 Limited Partnership will be launched this month, investing in retail and leisure commercial properties...

SLI plans commercial property fund launch; GBP200m to be invested in sites already owned by institutional investment division.(Standard Life Investments)
November 11, 2002... Exclusive By James Mawson Standard Life Investments is to launch a commercial property fund amid fears that some funds are damaging the sector. The closed-ended fund, Standard Life Investments Property Income, was expected to...

Fenelon takes Britannic UK equities post.(Kevin Fenelon)(Brief Article)
November 11, 2002... By Ashutosh Kumar Britannic has filled its head of UK equities position, which has been vacant for nearly two years. The company has promoted Kevin Fenelon, head of large UK companies, to the post. Peter Reid, chief investment officer,...

Appointments.(UBS Global Asset Management has appointed Bernard Hunter)
November 11, 2002... UBS Global Asset Management has appointed Bernard Hunter as global head of credit research, where he will be responsible for the global fixed income credit research team. Mr Hunter joins UBS from Merrill Lynch Investment Managers. Bruce...

Diary.(Column)
November 11, 2002... Any one for a career change? Ever felt like being an adviser involved selling ones sell soul to Mammon? Well spare a thought for one-time IFA Sally Hall, who swapped the world of financial advice for a more hands-on, and considerably...

Insurance stocks rise on back of terror fears; While most markets have faltered, insurance is a sector well worth examining.(Brief Article)
November 11, 2002... By Ashutosh Kumar INSURANCE stocks have tickled investment managers fancy but investors have been advised to treat the stocks with caution. In a market where most companies have struggled to maintain their prices, insurers have been...

Merrill research reveals dividend yield surprise.(Merrill Lynch Investment Managers)(Brief Article)
November 11, 2002... INVESTORS underestimate the contribution of dividend yield and growth to total equity returns, according to Merrill Lynch Investment Managers. High yield equity funds are often seen as a safer but lower growth investment, with high income...

Martin Currie cuts 20 staff to rebrand.(Brief Article)
November 11, 2002... MarTin Currie is to make 20 staff redundant to cut cost and boost profits. The departures include Bill Lambert, head of investment operations. Mr Lambert joined the company in 1990 and was earlier a part of its UK investment team. ...

Thames River offers two Japan equity funds; Thames River ventures into Japan equities with long-short and long-only funds.
November 11, 2002... Simoney Girard Thames River Capital has launched two funds as part of its new Japanese equities offering. Rod Birkett and Huw Llewellyn, recently recruited to the new Japanese Equities team, will be running Thames River Edo, a Japan...

IMA attacks members over advertising record.(Brief Article)
November 11, 2002... RICHARD Saunders, chief executive of the IMA, has criticised members for irresponsible advertising. He said the industry must be more responsible when advertising products. He said: "A lot of the current focus on performance data in...

Terror will have zero impact says McLeish.(Brief Article)
November 11, 2002... Global terrorism will have zero impact on equity markets, according to Ian McLeish, manager of the Scottish Investment Trust. Valuations and corporate profits determine equity returns in the long term. Mr McLeish has assured investors...

Horlick role redefined after SocGen poor performance; Nicola Horlick moves into a more managerial position as SGAM confirms UK Special Sits fund.
November 11, 2002... By Simoney Girard SG Asset Management is to launch its UK Special Situations fund in March 2003. It will be an actively managed equity fund, investing in growth-style companies in the UK. The managers are busy preparing a brief of...

Investec goes for zeros.(Brief Article)
November 11, 2002... INVESTEC investors have put their faith in zeros following the winding up of the companys Extra Income trust. A total of 965 investors have rolled GBP6m into the Investec Capital Accumulator fund after the winding up to the Investec Extra...

Rules approved to protect tax relief on VCT share-for-share.(Brief Article)
November 11, 2002... THE Inland Revenues proposals for new rules to protect tax relief on share-for-share options have been passed. The regulations aim to protect VCTs investing in companies involved in corporate restructuring. VCTs must have at least 70 per...

Octopus spreads its tentacles with VCT.(Brief Article)
November 11, 2002... By Simoney Girard OCTOPUS Asset Management has launched the Phoenix UK VCT. The venture capital trust fund will invest in 35 companies floated on the Aim, with an average investment size of GBP300,000 for each holding. The...

Hedges usurp with profits.(Brief Article)
November 11, 2002... HEDGE funds are to become the new with profits, according to a pensions guru at Jupiter. Colin Maloney, pensions development manager at Jupiter, said people would start turning to hedge funds for pensions investment because of the demise...

Super rich double over four years.(Brief Article)
November 11, 2002... THE ultra-wealthy are becoming more demanding, according to a report by Datamonitor. The UK Wealth Management 2002 Survey said the number of ultra-high net worth clients had grown. There were 1500 ultra-wealthy individuals in the UK in...

Bedlam lines up three retail Oeics; Funds will target fee-based IFAs and investors in the know.(Brief Article)
November 11, 2002... BY Simoney Girard BEDLAM Asset Management has launched three Dublin-domiciled Oeics. The three funds are Bedlam UK, run by Jonathan Compton, Bedlam Emerging Market, run by Lesley Cartmell and Global, which will be run by Jason Whitaker...

Mixed feelings on no-gain-no-fee.(Brief Article)
November 11, 2002... Fund managers are looking at ways of applying the no gain, no fee payment philosophy. Francis Ghiloni, sales and marketing director for Britannic Asset Management, said: "Retail investors have had two to three years of negative returns,...

Former Invesco Japan expert to run hedge fund at boutique.(Andrew Callender)(Brief Article)
November 11, 2002... BY James Mawson ANDREW Callender, former chief investment officer at Invesco GT Japan, has resurfaced after a years absence at BDT Investment Management. At BDT, an Asian equities specialist, Mr Callender will launch and run a...

Bond risk tantamount to mis-selling, says IFA; Nelson Money Managers warns that bond funds are riskier than they seem.
November 11, 2002... by James Mawson Bond funds are potentially the next mis-selling scandal, Nelson Money Managers has warned. Bond funds have been heavily marketed in the past few years as a safer investment in falling markets than equities, said the...

BWD fund high in FTSE 100 stocks.(Brief Article)
November 11, 2002... The BWD Aggressive fund has moved heavily into defensive stocks. The GBP28m fund, managed by Mark Hall, was invested in stocks such as Shell and National Grid, which will be the first to benefit from a recovery in equities. Alternatively,...

ScotEq with profits bond promises transparency.(Scottish Equitable International)(Brief Article)
November 11, 2002... Scottish Equitable International is launching a second-generation offshore with profits bond. The "Sandler-friendly" with profits bond will aim for greater transparency and a clearer charging structure. David Healy, managing director,...

Darths build-up.(Brief Article)
November 11, 2002... The widest discounts on investment trusts since Black Monday in October 1987 have prompted a rash of buying. Deutsche Bank, in particular, has announced it has built up significant holdings across a range of investment trusts (see table)....

Baring takes on Wendlinger.(Silvia Wendlinger at Baring Asset Management)(Brief Article)
November 11, 2002... Silvia Wendlinger, the former Gartmore portfolio manager, has surfaced at Baring Asset Management. Ms Wendlinger, who left Gartmore Investment Management in April this year, worked on Gartmores European smaller companies team. Before...

MLIM launches US retail fund for IFAs; New offshore fund, managed by veteran investor Bob Doll, will invest in medium and large caps.(Merrill Lynch Investment Manage ment)(Brief Article)
November 11, 2002... Exclusive by Gabriela Pomeroy Bob Doll, Merrill Lynch Investment Managers veteran investor and president, has launched a US fund for the UK IFA market. The global chief investment officer, who already runs the GBP1.37bn Merrill Lynch...

Merrill adds new Euro Growth fund.(Merrill Lynch Investment Management)
November 11, 2002... by Simoney Girard Merrill Lynch Investment Manage-ment has launched its European Growth fund. The fund, which will be run by Olivier Rudigoz, will invest in large and mid-cap companies across Europe. Mr Rudigoz will pick companies...

German economy still in trouble.(Brief Article)
November 11, 2002... The German economy is in a hole and it cant stop digging, according to research from Oxford Economic Forecasting. The report said Germany had a low average gross domestic product growth of 1.3 per cent a year for the past decade, and a...

Activest launches nanotech fund.(investment arm of Germanys HypoVereinsbank)(Brief Article)
November 11, 2002... Activest, the investment arm of Germanys HypoVereinsbank, said it had launched the first fund entirely focused on the growing nanotechnology sector. The Activest Lux NanoTech fund will look for companies around the world that are...

Film backers benefit.(Brief Article)
November 11, 2002... The British film industry can provide enormous benefits for high net worth clients, IFA Park Caledonia has claimed. The IFA was the sponsor of the British Independent Film Awards 2002. Dean Goldberg, a director of Park Caledonia, said:...

Shiel cuts stocks to give fund an aggressive edge; Manager takes Fidelity American fund on offensive to match bullish short-term style.(Fergus Shiel, Fidelity fund manager)(Brief Article)
November 11, 2002... by Ashutosh Kumar Fergus Shiel, Fidelity fund manager, has moved his American fund from a defensive to an aggressive stance. Mr Shiel, who took over the fund on 22 June following the departure of John Muresianu, said the portfolio now...

Gartmore to launch fund of hedge funds.(Brief Article)
November 11, 2002... Gartmore Investment Management is preparing to launch a market-neutral retail fund of hedge funds. Following the acquisition of Riverview, the US fund of hedge funds specialists, Gartmore is expanding its investment offering. Paul...

Investors disappointed as base rate stays at 4%.(Brief Article)
November 11, 2002... Investors reacted with disappointment to the Bank of Englands decision to leave interest rates at 4 per cent. Government bonds and interest rate futures fell sharply when the news became public, and the FTSE 100 halved its early gains,...

F&C and Childs part ways.(PHILIP Childs)(Brief Article)
November 11, 2002... by Simoney Girard PHILIP Childs, F&Cs director and head of UK retail, has left the company amid speculation that he was ousted. In a reshuffle, Mr Childs, who had been with the company for 20 years, and had built up a rapport with many...

Apcims champions Crest to help IFAs; IFAs and brokers campaign for fund managers to use Stock Exchange platform.(independent financial advisers; Association of Private Client Investment Managers and Stockbrokers)(Brief Article)
November 11, 2002... By James Mawson A CAMPAIGN has begun to save IFAs time and money by forcing fund managers to deal through Crest. The Association of Private Client Investment Managers and Stockbrokers (Apcims) has begun a drive to persuade fund...

Legg Mason sheds fund of funds to Miton.(Brief Article)
November 11, 2002... Legg Mason Investors has effectively given away its fund of funds business to specialist manager, Miton Investments. The company has also taken a decision to close its Managed Portfolio Service (MFS) launched in 1999 following the arrival...

Aberdeen bonds bleeding.(Aberdeen High Yield Bond)(Brief Article)
November 11, 2002... By Simoney Girard The tarnishing of Aberdeens reputation on split caps has hit other areas of its business. The GBP250m Aberdeen High Yield Bond, ranked highly in Investment Advisers recent best-sellers list, has reported a 10 per cent...

Now is the winter of our discontent; The outlook is bleak as uncertainty surrounds the situation in the Middle East, says Shaista Ahmed.(Brief Article)
November 11, 2002... The overall economic outlook for the UK remains bleak, as it does for much of the eurozone and the US. Latest economic outlooks report revised down GDP figures for the coming quarters with many resigning themselves to no significant pick-up...

Performance: UK sector shows growth but returns disappoint.
November 11, 2002... The UK All Companies sector is the largest fund category, covering index trackers, ethical, growth, focus, special situations and aggressive funds. By definition, it contains funds which invest at least 80 per cent of their assets in UK...

Marlborough UK Equity Growth fund: Manager believes now is the time to buy.
November 11, 2002... The GBP29.08m Marlborough UK Equity Growth fund has performed well in the past three years, climbing 10.39 per cent in the three years to 28 October 2002 (offer to bid, net income reinvested, UK Sterling, according to Standard & Poors). ...

Marlborough UK Equity Growth fund: Manager Comment; Michael Barnard.(Brief Article)
November 11, 2002... I have been managing the fund since March 1995 and, until a year ago, I worked on my own. I now have an analyst who does some research and accompanies me on visits to companies. We then carry out further detailed analysis, which means some more...

Rate cut hopes help equities bounce back; Ayse Ferliel.
November 11, 2002... There has been a renewed bounce in equity prices in anticipation of interest rate cuts in the US, the UK and the eurozone in recent weeks. However, the outlook remains uncertain, despite the Feds 0.5 per ent cut, and it remains to be seen...

FT Fund Ratings: Equities.(Investment Advisers Fund Ratings)(Brief Article)
November 11, 2002... Investment Advisers Fund Ratings service provides detailed RCP (Risk, Charge, Performance, Ratings on authorised UK unit trusts, investment trusts and Oeics). We show Risk, Charge and Performance ratings where available for all funds. Where no...

DEWHIRSTS VIEW: History says it is time to buy; Nick Dewhirst.(Column)
November 11, 2002... It is time to get into the stock market for a long list of long-term reasons, as well as a new short-term reason. Typically, at the bottom of big bear markets investors lose their senses, and this one is now the worst in the UK since 1974. ...

Going boldly where no fund wants to go; The Far East is a hard place to invest, so is Aberdeens new hedge fund a good idea?(Aberdeen Asset Management)(Brief Article)
November 11, 2002... Shaista Ahmed Volatility and recession have plagued Japan for more than a decade. As a result, the Far East, including the Japan sector, has not had an easy time convincing investors it is a good place to put money. Against this...

New Star Aggressive looks to sensible media firms.(Brief Article)
November 11, 2002... By Shaista Ahmed The GBP68.2m New Star UK Aggressive fund was launched on 12 November last year. Over the past three months, it was ranked 273 out of 309 funds in the UK All Companies sector, which has had a difficult few months with the...

2002 calendar.(Calendar)
November 11, 2002... November Funds launched Forsyth Partners Forsyth Partners has launched the Forsyth Diversity fund, a fund of hedge funds, managed by Rossen Djounov (1 November). Matrix Money Management Matrix has launched two new hedge...

The shape of things to come; The changes the industry is witnessing are not aberrations but profound shifts in the nature of the market.
November 11, 2002... Ayse Ferliel Investment funds have been influential in promoting the type of genuine popular capitalism envisaged by Nigel Lawson, the chancellor in 1986, when Peps were first introduced in the UK. For the past decade these collective...

Push comes to shove meet the heavweights; Asset managers who have moved smartly to harness new distribution methods, such as supermarkets, have seen off competition to reach the industrys top 10.
November 11, 2002... Kim Gurney The asset management industry has taken a battering in the past few years as fund managers and investors battle with a bear market the likes of which many have never witnessed. Experts agree that perhaps the most cataclysmic...

One size wont always fit all; However big the company, tailoring services to each geographical market is key to success.
November 11, 2002... Stuart Holah It is difficult to conceive of a more challenging five-year period for the retail fund management industry. Having enjoyed the final two years of an extended equity bull run and a relatively untroubled transition from Peps...

War, what is it good for? Well, equities sometimes; Its not war, as such, but the uncertainty over whether it will actually happen which markets cannot tolerate.
November 11, 2002... Tim Haston Much like the events of 11 September, the sound of George W Bush rattling the US sabre has sent shock waves through global equity markets. The more cynical among you may well contend that, for poor Mr Bush, with no more...

Time for IFAs to get real with their clients; When the customer wants to get rich quick, the IFA must be the voice of reason and offer realistic expectations.(independent financial advisers)
November 11, 2002... Mike Webb There has been a rapid and extensive change in the fund management industry in the past five years. And there is no sign the pace of change will slacken in the coming years. Rather, we think there will be something of an...

NU enters the fray with tax-friendly distribution bond; New Norwich Union Distribution bond offers right mix for cautious investors.(Norwich Union )
November 11, 2002... Mark Dampier, Head of Research, Hargreaves Lansdown Distribution funds have been on sale for a long time. The biggest and oldest is run by Sun Life, now Axa, which has been going for more than 15 years. But unit trusts have been slow to...

A longer shelf life offers more for investors; Another asset class appears investors should make room for the covered warrant.
November 11, 2002... Philip Coggan, Investment Editor, Financial Times Another weapon has been added to the private investors armoury the covered warrant. While plenty of caveats will be needed, it should be considered a welcome development. At first...

Time for a little sanity, please.(Brief Article)
November 11, 2002... Bedlam has finally come to the markets with its own antidote to "the economics of the madhouse". I did a quick internet search on "economics of the madhouse". It came back with a list as long as an orangutangs arm, encompassing subjects from...

Looking good out on the slopes; Mike Lenhoff.
November 11, 2002... Recessions in the past 30 years have been typically associated with weakness in the personal and corporate sectors. Although few knew about it at the time, the US had a recession last year. The unusual thing was that consumer spending was...

Letters.(Letter to the Editor)
November 11, 2002... Regulators should be made accountable to the public Last week, Sir Howard (The Confessor) Davies, appeared on midday television to declare that the "consumer still does not understand financial services products". Equally, the...

Pushing for change to stamp out stamp duty; ANGELA KNIGHT, chief executive of Apcims and former MP, has been lobbying for a harmonisation of financial services regulations across Europe. She spoke to Shaista Ahmed about her campaigns for financial reform.
November 11, 2002... Investment Adviser: You have been lobbying the government over reforms to stamp duty rules and, more recently, the Bill of Rights for the harmonisation of rules for financial services across Europe? What stage are you at now? Angela...

Over-investment will force savings rethink; While the government is persuading the public to save more, some in the industry are warning of over-investment.
November 11, 2002... Gail Moss Low stock market returns for pension funds could force the government to rethink its strategy of cutting back state provision for retirement, according to a leading expert. Peter Robinson, senior economist at left-wing...

Japan goes deposit and bond crazy.(Brief Article)
November 11, 2002... In Japan, saving has become a national obsession, to the extent that there are TV shows offering prizes for people who save the most, or come up with the best ideas for promoting savings. Most personal saving goes into bank deposits and...

Jupiter blasts passive managed funds; Poor performance, lack of courage and limited choice: Jupiter levels a broadside at pension funds lack of vision.(Jupiter Asset Mngt.)(Brief Article)
November 11, 2002... By Holly Thomas JUPITER Unit Trust managers has launched an attack on traditional managed pension funds. At a relaunch of the Jupiter Sipp at the Financial Times head office in London, Jupiter blasted the funds for their "poor...

PENSION FUNDS; Top 10 PENSIONS OVER 10 years.(Brief Article)
November 11, 2002... Top 10 pension funds by sector, figures up to 4 November 2002, buy to sell, gross income reinvested

IFAs may benefit from EU-US talks; A deal between the EU and US would mean access to a wider range of US-based mutual funds for European investors.(independent investment advisers)(Brief Article)
November 11, 2002... By James Mawson UK IFAs could gain access to US-based mutual funds if international talks are resolved. If successful, an EU-US deal could quicken the pace of consolidation of fund groups. European investors would be able to...

OFFSHORE FUNDS; TOP 10 OVER THREE YEARS.(Brief Article)
November 11, 2002... Top 10 funds by sector, figures up to 28 October 2002, sell to sell, gross income reinvested

Polin quits Aberdeen to take up HSBC job.
November 18, 2002... Jonathan Polin, head of UK retail sales at Aberdeen, is to quit the troubled fund manager for HSBC. Nicknamed The Tank Commander, Mr Polin ran Aberdeens retail sales through its most difficult times, plagued by the collapse of several...

L&G to bring out pair of fixed interest funds; Protected and unprotected products will offer 6 and 6.5 per cent respectively.
November 18, 2002... Exclusive By Simon Falush LegaL & General is to launch two fixed interest products in January for the Isa season. The first product, the Fixed Income Plus portfolio, is expected to offer 6 per cent growth a year for the term of...

NU to launch property-based Isa.
November 18, 2002... By Simon Falush A property investment is to be at the heart of the Norwich Union Isa season marketing campaign. The Property Isa is to invest in NUs GBP610m property trust. It will be the central proposition in NUs Isa marketing push...

Appointments.
November 18, 2002... New Star Investment Funds has announced the arrival of Theodora Zemek to work on the UK bonds team. Ms Zemek joins New Star from M&G, where she was head of global fixed income and chief investment officer of M&G international. At M&G, Ms Zemek...

Diary.
November 18, 2002... Sex, drugs and economics Challenging conventional thinking is the theme of this weeks Diary. One person who has managed to do this is Diane Coyle with her new book Sex, Drugs and Economics. Diane argues that if everyone could think...

Threadneedles Japan fund loses out on rally; Fund misses out on bank stocks revival and is hit by Acom profits warnings.
November 18, 2002... By Ashutosh Kumar The A-rated Threadneedle Japan Growth fund missed the bank stocks rally in September, undermining its performance. The GBP138m fund was underweight in the bank sector by 3 per cent and held stocks such as USJ and...

Standard Life goes on road with investments.
November 18, 2002... Standard Life Investments 2003 roadshow, which begins on 20 January, will focus on risk and rewards in an unstable climate. Topics will include what 2003 has in store for the financial markets and how to react to those conditions in the...

LMI to abandon structured funds.
November 18, 2002... Legg Mason Investors is discontinuing its range of structured products after they reach maturity this year. The USowned asset manager recently closed its Windfall Pep, and sold its fund of funds and its Managed Portfolio Services to Miton...

Food retailers tipped by 2CG.
November 18, 2002... FOOD retailers in Europe offer clear investment opportunities after recent market falls, according to asset manager 2CG. The firm, run by fund managers Charles Glasse and Chris Garsten, manages the GBP2.6m Zenith European Capital Growth...

Content suppliers help fund to outperform; Lindsell Train sees value in firms creating film and television programmes.
November 18, 2002... by Sam Dunn A SECTOR strategy pitching media content creators against content distributors has helped hedge fund specialist Lindsell Train outperform. Its GBP5m Global Media long and short hedge fund, launched a year ago and holding...

Concern over Asian insurers.
November 18, 2002... Investment experts have warned that company failures would remain a feature of the Asia-Pacific insurance sector in 2003. Ian Thompson, credit analyst and head of S&Ps Asia-Pacific ratings group, said weak equity markets, lacklustre...

Defensive stance hits all companies funds; Managers miss out on October rally as traditional safe sectors underperform.
November 18, 2002... By Ashutosh Kumar A defensive stance has excluded fund managers in the UK All Companies sector from a FTSE rally in October. Most active fund managers nearly 310 out of 355 in the UK All Companies sector were caught out when the...

JPMF moves Russian fund into retail market; Closed-end institutional fund evolves into investment trust following wind up.
November 18, 2002... By Simoney Girard JP MORGAN Fleming Asset Management is launching an investment trust to invest exclusively in Russian securities. The former Fleming Russia Securities fund has announced to shareholders that it would be repositioned...

Close Bros plough VCT profit into new ventures.
November 18, 2002... CLOSE Brothers venture capital trust has switched investments to plough profit into new projects. The VCT has sold its stakes in Premier VCT (Bristol), Bristol Express by Holiday Inn hotel, and Hawkwell VCT, owner of the 51-bedroom...

Small caps expected to struggle in future.
November 18, 2002... Small cap funds will continue to underperform in the near future, according to Exeter fund manager Nick Brind. Mr Brind, manager of the GBP6m Smaller Companies fund, saw it tumble to the bottom of the unit trust universe, down 11.72 per...

GHC launches portfolio service; Range of portfolios aims to meet differing investor profiles, but GBP30,000 minimum may be deterrent.
November 18, 2002... By Simoney Girard Goy Harris Cartwright has launched a multi-strategy managed portfolio service. The GHC Managed Portfolio will consist of four portfolio strategies to cover the investment needs of different clients. The...

Restructuring sparks payout.
November 18, 2002... SHAREHOLDERS in Foreign & Colonials Eurotrust investment trust are to benefit from a special dividend in the wake of restructuring The GBP307m investment trust, rated fifth out of 19 over three months in S&Ps European investment trust...

IFA commission is increased by Close.
November 18, 2002... Close Fund Management has increased commission paid to IFAs on the Close Inheritance Tax Service to 4 per cent. Trail commission on Cits, which previously paid 3 per cent to IFAs, remains unchanged at 0.25 per cent. The initial charge for...

Survey discovers big fall in confidence.
November 18, 2002... Investors confidence has fallen by almost one-third since the beginning of the year, according to the JPMF Investor Confidence survey. The survey, reflecting the thoughts of 500 randomly selected investors throughout the UK, reveals the...

Manager turmoil forces Isis to rejig multi-manager fund; Potential Rothschild sale and Aberdeens difficulties lead to changes including dropping all trackers.
November 18, 2002... By Simoney Girard Isis Asset Management has overhauled its multi-manager portfolios as corporate action involving some of its managers threatens its performance. Richard Philbin, who runs the Multi-manager Growth and the Multi-manager...