Terry Smith, the Tullett Prebon CEO and deputy chairman of Collins Stewart, plans to launch his own fund group in the coming months.
Europe is likely to experience lower growth due to "fiscal austerity". However, as a result of the awkward outlook, European equities look inexpensive.
Collins Stewart has acquired Surrey-based IFA and private client wealth manager Andersen Charnley for an initial £5m.
Collins Stewart's head of fund sales Michael Brown has left the firm to become a financial adviser.
Piper and Oliver cherry pick strategies in multi-manager range
Collins Stewart has acquired Guernsey and Geneva-based discretionary investment manager Corazon Capital Group.
Do hedge fund managers really have the relevant skills to successfully manage regulated, Ucits III products?