Fund of funds managers set up consultancy
More on Multi-Manager Funds
- Chatfeild-Roberts admits to “bad decisions” on Merlin funds
- Stop Press: Management changes for MitonOptimal
- Fund Selector: Prepare for more volatility
In focus: Outsourcing Investments
Three multi-managers have joined forces to launch a new consultancy business Albermarle Street Partners.
Dan Kemp (pictured), a former partner at Saltus, Sam Liddle, a former manager at Mam Funds and Clive Hale, a former chief investment officer at Skandia Investment Management have set up the new business - a consultancy for IFAs and the investment management industry.
The company’s aim is to help independent financial advisers and other financial services firms, including fund management companies, improve their investment proposition by providing expert specialist advice, according to its website.
It added the company will “seek to deliver the benefits of an in-house investment team at a fraction of the cost” and boasts the trio has more than 70 years’ combined investment experience including in the management of model portfolios, funds of funds, risk-graded multi-asset funds and private client portfolios alondside “comprehensive due diligence, both qualitative and quantitative, on fund management investment processes”.
Prior to joining Saltus, which he left in July this year, Mr Kemp was a fund manager and head of fund research at Williams de Broe.
Mr Liddle left Mam Funds in February this year having joined the group in 2003. Before this he had launched and managed the portfolio management service at Morgan Grenfell, Singer & Friedlander and Legg Mason.
Mr Hale was also a former senior investment consultant at Towry and John Scott & Partners. He has more than 30 years’ experience of fund research, asset allocation and portfolio management.