Smith & Williamson has appointed Morgan Stanley's Michael Pagliari as investment management partner, its fourth hire in the investment management division in the last two months.
Tineke Frikkee has bought into Lloyds as a play on the housing recovery, in one of her first trades since joining Smith & Williamson to run its £9m UK Equity Income trust.
Mark Pignatelli, manager of the European Growth Trust, will retire from Smith & Williamson at the end of this year.
Tineke Frikkee is to exit BNY Mellon and join Smith & Williamson Investment Management in July to run its UK Equity Income Trust.
Gold and resources funds continued to struggle in the first quarter of 2013, as investors remained in risk-on mode and opted for equities over safe havens such as the precious metal.
Ani Markova, co-manager of the Smith & Williamson Global Gold and Resources fund, has warned investors the gold may take some time to break out of its current trading range.
Smith & Williamson Investment Management has appointed Mickey Morrissey as head of UK IFA sales in a push to grow its discretionary fund management service.
Smith & Williamson Investment Management is to add to its fixed income range with a Medium-Dated Corporate Bond fund for Ian Kenny.
Smith & Williamson Investment Management has promoted Robert Royle to co-manager of the group's £82m North American trust, alongside Lady Tana Focke.
Smith & Williamson Investment Management is the latest group to add institutional share classes to its entire pooled funds range in preparation for RDR.
ON NORTH AMERICA
Investors ask whether falling Chinese housing starts could trigger end of commodity super-cycle.
Manager plays yield curve and looks for ‘dull' core holdings in long-standing fund.
Smith & Williamson's Tana Focke and Robert Royle have increased exposure to domestic earnings on the North American Trust after a recent US visit revealed growing optimism in the corporate sector.
Today's announcement star manager Ian Henderson will be stepping down from J.P. Morgan's £2bn Natural Resources fund has led some wealth managers to consider alternative funds.