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Former Jupiter Star Ben Whitmore Fund Manager has launched the first investor fund under his new Mark Brickwood, months after leaving the company together with other employees.
The new Whitmorea Fund – which at its peak managed around £ 10 billion for Jupiter – will focus on buying shares in subjected British companies that have not been inclined to many investors.
Whitmore set Brickwood with former manager Jupiter Dermot Murphy and his brother Kevin Murphy, who joined the Schroders. Claudia Ripley also left her role in Jupiter as a director of an investment to become Executive Director Brickwood.
The departure of Whitmore and his colleagues at the end of last year he hit Jupiter, since his team was responsible for managing the fifth of Jupiter’s total £ 50 billion pounds under management.
“He was one of the stars of the show on Jupiter – he managed a huge amount of Jupiter’s assets,” Ben Yearsley said of Fairview investing.
But he added, “It remains to be seen whether it can repeat it or not.”
Jupiter Executive Director Matthew Beesley has spoiled the capital manager Alex Savveda from Jo Hambro Capital Management to take over Whitmore’s former UK Fund.
TM Brickwood UK Value Fund, which will manage Whitmore and Kevin Murphy, a target for retail and institutional investors.
The fund’s share of the company that Whitmore has also supported on Jupiter is expected to include the Pharmaceutical Business GSK, Energy Major BP and Standard Charted.
“We wanted to make our own clue, creating a boutique focusing specially on investing in value,” Whitmore told the Financial Times.
Brickwood also establishes a committee of unspoken directors, hoping to provide an additional management layer to keep the funds managers on account.
The investment boutique attracted intensive control after a company founded by former investment star Neil Woodford was forced to close in 2019. Woodford Investment Management has made a number of bad shares and has invested too much in heavier stores and small stocks.
“We want to be highly focused on management,” Whitmore said. “We all had more surveillance in the world after Woodford, rightly. We’ll welcome feedback from our committee.”
UK Capital Funds Managers have suffered a difficult period because investors withdrew their money in favor of global shares, especially US growth companies, such as designers of Nvidia chip.
According to Fund Network Calastone, individual investors withdrew more than £ 1 billion from the UK Equity Funds last month. Others claim that the relative value of British shares makes companies list in London more attractive.
Whitmore said Brickwood in the future is likely to launch a valuable fund aimed at global supplies.
Whitmore returned 26 percent over three years until the departure of last October, according to Citywire, which made him one of the best capital managers in the UK.
Jupiter briefly considered the surrender of Whitmore’s property to run from Brickwood, but in the end he decided to internally retain more than £ 600 million.
