Before the credit boom, professional investors routinely allocated 10% or more of their portfolios to small-cap stocks, writes Andrew Morgan, portfolio manager at Walker Crips.
Walker Crips has hired Tony Manning from JM Finn as an investment manager, as it continues the expansion of its investment division.
Walker Crips is planning for further expansion by seeking out employees at rival firms who are "disenchanted" by industry merger and acquisition activity.
Walker Crips has acquired wealth firm Barker Poland Asset Management (BPAM) in a deal which will add £230m to its assets under management.
Charles Stanley's Chris Bolshaw and Jeremy Sharp and five of their colleagues are to join Walker Crips to open a new office in Truro at the end of February.
Banking stocks have underperformed at a time when they should be considered a prime investment. Instead, pseudo-banks are emerging as the real game-changers, says Walker Crips' Chris Kitchenham