Newscape hires ex-Aberdeen head

Investment boutique Newscape Capital has hired Derek Fulton, an ex-head of global closed-ended fixed income portfolios at Aberdeen Asset Management.

Fulton has been appointed as the firm's CIO and as a board director with overall responsibility for asset allocation, strategy selection, portfolio construction and portfolio management.

The hire follows the announcement Newscape will join forces with former co-heads of the multi-asset group at Insight Investments, Patrick and Ana Armstrong, to work on multi-asset portfolio strategy.

"This is a significant coup for Newscape and we are delighted that an investment professional of Derek's standing within the industry has decided to join us," says Stephen Decani, Chief Executive.

"Derek brings a great track-record and a high-level of international portfolio management experience and expertise to the firm. He also fits perfectly into the client focused "back to basics" ethos which we are working hard to establish here."