Richard Philbin, the former F&C and Architas multi-manager, has teamed up with the founder of Skandia's Best Ideas range Alan Durrant to launch a new multi-manager business.
The duo have launched Harwood Multi-Manager, a new business which is part of boutique investment house Harwood Capital, with Philbin becoming CIO and Durrant CEO. The pair said in the post-RDR world advisers needed solutions which were very clear to the end user, particularly around processes and charges, which they would offer to the market. "We believe that there is a significant gap amongst the current multi-manager offerings for a suite of funds that defines the volatility risk budget and then sticks to it rather than meandering all over the market and taking a client's pension or...
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