Investec

Added to income-focused hedge funds

Now run by Michael Hayward

Advice for younger fund managers

Joins Quality Team

Bought for €1 by Santander

Future remains 'pretty bleak'

Joining London team

The casual observer of recent dividend trends in the UK may be forgiven for believing the income outlook has improved dramatically.

I was recently chatting to a chap who runs a shop on our local High Street.

The path to success can be 'messy'