Vermeer plans range expansion following first fund launch

Firm set up last year

Vermeer Investment Management has expanded its fund management team as the boutique considers the launch of a second product.

Established by Tim Gregory (pictured) and James Rowsell last year, Vermeer launched its first global equities fund in December, which returned 6% in the first quarter of 2017 versus 5% for the Bloomberg World index. It has now hired Charlie Fricker as an investment associate, who previously spent a year as a trainee investment associate at Psigma, where Gregory was formerly head of global equities. Rowsell, chief executive of Vermeer, said: "We are looking to expand and build another strategy if we can find the right person. "It would not be another global equities product, but we ...