Tony Yarrow and Vincent Ropers, of Wise Funds, managers with a value and quality approach believe that when a Brexit solution is found UK shares will bounce back.
Oak Partnership to demerge as Evenlode becomes independent
Wise Investment, Wise Funds and Evenlode
VIncent Ropers of Wise Funds
Jon Yarker
From July 2021, the three partner companies will operate as distinct employee-owned companies.
The restructure is being pursued to allow for greater simplicity and long-term alignment of the partner companies.
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That restructure featured the establishment of Wise Funds and Evenlode Investment Management - headed up by Tony s son Hugh Yarrow - as separate businesses. The Oak Partnership has successfully evolved to a point where a demerger makes better sense for each individual partner and their next chapter of growth, said Hugh Yarrow. For Evenlode, our long-term investment approach remains the same, but with a simpler operating structure and a clearer alignment between our long-term goals and Evenlode as a distinct operating company.
Questor: Caledonia has stretched its dividend record but the 25pc discount won’t budge
Questor investment trust bargain: this fund’s persistent markdown has failed to narrow but it remains a solid long-term choice
29 April 2021 • 5:00am
The late Sir James Cayzer sat for many years on the board of Caledonia Investments, which was set up to manage the shipping dynasty s wealth
Credit: Marina Imperi
Few investment trust discounts are as stubborn as the one that has clung like a limpet to shares in Caledonia, the multi-asset fund tipped by this column almost four years ago.
Then, we highlighted Caledonia’s 18pc discount, which belied its elite status as one of just four trusts to have grown its dividend for 50 consecutive years. Now, even though it has lengthened that record to 53 years, the discount has widened to 25pc.
Platform lures big hitter from St James’s Place, while Axa names next chairman
AJ Bell
The investment platform has attracted two female financial services heavyweights as non-executive directors.
Baroness Helena Morrissey recently stepped down from the St James’s Place board, with the intention of her succeeding AJ Bell chair Les Platts at the company’s next AGM in January 2022.
Morrissey only became a non-executive director at SJP at the start of 2020, and made a controversial start by publicly criticising the firm’s charging structure.
She is joined by Evelyn Bourke, former chief executive of Bupa and formerly of Friends Provident, Standard Life and Chase de Vere.