Close All Weather team defect to Rathbones

Rathbones Jersey-based offshore arm has recruited the four-strong team in charge of Close Internatio...

Rathbones Jersey-based offshore arm has recruited the four-strong team in charge of Close International’s All Weather fund. The team of Phil Bain, Peter Paturel, Vaughan Rimeur and Tim Ford will move across to Rathbone Investmnent Management International later this year. The quartet are responsible for investment strategy and management of Close’s Jersey-based domestic and international portfolios as well as its funds of fund business. The All Weather fund was launched in 2003 and invests 25% each in equity, alternatives, bonds and property.