Sanlam

Renewed underperformance by Newton and Jupiter's UK equity income funds has seen both fall back into Sanlam Private Wealth's 'Black List' of underperforming UK dividend-focused portfolios.

Thomas Miller Investment has hired former Sanlam Private Investment head of business development Bruce Ely-Johnston.

Sanlam UK made £10m from the sale of its stake in advice network Intrinsic to Old Mutual Wealth.

Sanlam's head of business development Andy Davies has joined Momentum Global Investment Management as head of UK retail sales.

Sanlam Private Wealth has hired Distribution Technology's Rob McDonnell as head of business development.

Sanlam UK has acquired Caerus Portfolio Management as part of a deal which will see it take a 20% stake in the Caerus adviser network.

Sanlam Private Investments' chief investment officer Richard Champion has ended his 11-year stint at the firm in order to take a senior role at Canaccord Genuity Wealth Management.

Sanlam Private Investment has rebranded to become Sanlam Private Wealth, the same as its parent company in South Africa.

JO Hambro Capital Management's Clive Beagles has blamed an underweight in defensive stocks for the underperformance of the £2.7bn UK Equity Income fund last year but said he refuses to invest in "bond lookalikes".

JOHCM's Clive Beagles has seen his UK Equity Income fund demoted in Sanlam Private Investments' latest Income Study, while AXA IM's George Luckraft has moved on to the recommended list.