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Former Jupiter Star Fund Coner Manager Ben Whitmore launches the first fund for investors under his brand of Brickwood, months after the company’s departure.
New funding from Whitmore – with his peak managed about £ 10bn for Jupiter – focus on shares to buy purchased companies in the UK.
Whitmore has set Brickwood with a former Jupiter Dermot Murphy manager and his brother, Kevin Murphy, who comes with Schroders. Claudia Ripley also left his role in Jupiter as an investment director to be brickwood chief executive.
Leaving Whitmore and his partners at the end of last year was a jupiter blow, because his team was responsible for a fifth £ 50bn to handle.
“He’s one of the Jupiter’s Show stars – he managed a great amount of Jupiter,” said Ben Themsley, at the Consultant Fairview investment.
But he added: “It remains to see if he can again.”
Jupiter Mateley Poaced Equity Manager Alex Savides from the capital management of Jo Hambro will bring in former funds in the UK.
TM Brickwood UK Value Fund Fund, which can handle Whitmore and Kevin Murphy, targeting two investors together and institutional.
Mandatory holdings are expected to include companies that are also supported by Jupiter, such as Pharmaceutical GSK, Energy Great BP and Standard Chartered.
“We want to make our own score by creating a boutique purposes specific to investment value,” Whitmore told the monetary time.
Brickwood also establishes a board of non-executive director, in the hope that it provides an additional layer of management to provide fund managers.
Investment boutiques attract severe examination after the company built by former investment Neil Woodford is forced to close the poor stock pick and small stock.
“We want to take care of management,” Whitmore said. “We all have more post-Woodford’s world check, and it’s right. We’re happy feedback from our board.”
UK equity fund managers suffered a difficult time while investors withdrawing their money in favor of global companies’ global designer nvidia.
According to the Fund Network Calastone, individual investors quit more than £ 1bn from equity equity funds last month. Others argue in the amount of UK stocks make companies listed in London more attractive.
Whitmore says brickwood is likely to launch a value worth focusing on global stocks in the future.
Whitmore returned 26 percent over three years until he left October, according to Citywire, making him one of the best equity managers in the UK.
Jupiter briefly contributes to Whitmore’s properties to run from Brickwood, but finally decided to remain more than £ 600mn portfolio inside.