Former Cazenove European fund manager Chris Rice is to launch a boutique fund management firm with ex-colleague Tim Russell, Investment Week can reveal.
The new firm will trade under the name Sanditon Asset Management, and will launch in the second quarter of 2014, subject to FCA approval. The company is named in homage to Jane Austen, sharing the name of the writer's unfinished novel. The boutique is likely to offer four products initially - long-only and long/short UK funds managed by Russell, and long-only and long/short European funds managed by Rice. The pair have recruited Rupert Tyer, who resigned his directorship at Cazenove in July, to serve on the board of the new company, City financier Neil Canetty-Clarke is also under...
To continue reading this article...
Join Investment Week for free
Signup and gain exclusive members-only insights - all free of charge!
- Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
- Get ahead of regulatory and technological changes affecting fund management
- Important and breaking news stories selected by the editors delivered straight to your inbox each day
- Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
- Be the first to hear about our extensive events schedule and awards programmes
