Ex-F&C man to run global equity fund as African group enters UK

Pan-Africa fund house African Alliance is to launch a concentrated global equity fund into the UK, run by F&C's former European equities manager Peter Jarvis.

The Johannesburg-based group - which has offices in 13 countries across the continent - has set up a UCITS in Luxembourg in a bid to branch out further in Europe, with the UK a prime target. The first fund to be marketed in the UK will be Jarvis' African Alliance Global Equity fund. Jarvis, who ran the F&C European Growth and Income fund until it was merged away in 2009, will invest around the globe in a small number of stocks. He will work alongside co-manager Justin De Klerk, who was previously deputy manager on the Marlborough UK Large Cap Growth and Marlborough UK Equity Income fu...