Rensburg

Rensburg Sheppards Investment Management has changed its name to Investec Wealth & Investment following the firm's full acquisition by Investec last year.

Franklin Templeton has today completed its £45m cash purchase of Rensburg Fund Management from Investec.

The Templeton UK Equity fund is likely to be merged away following Franklin Templeton's takeover of UK equity boutique Rensburg Fund Management.

Investec has agreed to sell Rensburg Fund Management Limited to Franklin Templeton for £45m.

Rensburg's Paul Spencer has turned over 15% of the UK Mid Cap Growth trust to ramp up exposure to UK domestic stocks.

Colin Morton, a large-cap specialist at Rensburg, has warned UK equity markets could reach dangerously high levels before prices see a correction.

Investec plans to take over the remaining 52% stake in investment management firm Rensburg Sheppards for £412m.

Rensburg manager builds up big overseas bias and stays away from UK consumer to beat benchmark despite market turbulence

Consistency of Spencer puts fund eighth in peer group

Investment Week surveyed leading advisers to get their opinions on which funds and managers will deliver the best returns over the next 15 years