About us
We manage £11.4 billion* for our clients, we are one of the UK’s leading fund managers.
Rathbone Unit Trust Management (Rathbone Funds) is a leading UK fund manager. We are a management house, offering equity and bond unit trusts and a multi-asset portfolios to meet your capital growth and income requirements.
We are an active management house, specialising in investment management for the retail investor and segregated institutional accounts. All of our unit trusts qualify for inclusion in ISAs (Individual Savings Accounts) which can receive lump sums.
Rathbone Unit Trust Management Limited is a wholly-owned, London-based subsidiary of Rathbones Group Plc. In 1995 and 1996 respectively, Rathbones Group acquired stockbrokers Laurence Keen and Neilson Cobbold, securing many private wealth managers, and their clients. The company also acquired unit trusts from Laurence Keen Unit Trust Management including the Rathbone Income Fund- the success of which led to a rebranding of the operation in 1999 to Rathbone Unit Trust Management Limited.
Through its subsidiaries, Rathbones Group Plc manages £60.9 billion of client funds, of which £11.4 billion* is managed by Rathbone Unit Trust Management Limited*.
For more information about Rathbones Group Plc, our history, and how Rathbones can help you develop an investment portfolio that meets your requirements, please visit the Rathbones website.
Directors of Rathbone Unit Trust Management
Paul Stockton - Chairman
Mike Webb - Chief executive officer
Tom Carroll - Chief investment officer
Michael Warren - Non-executive director
Jacqueline Lowe - Non-executive director
About our Luxembourg Funds SICAV
The Rathbone Luxembourg Funds SICAV (Société d'Investisement à Capital Variable) Company is an open-ended investment fund with multiple compartments ("société d'investissement à capital variable" (SICAV) à compartiments multiples) governed by Luxembourg law, established in accordance with the provisions of Part I of the Law of 20 December 2002, relating to undertakings for collective investment replaced by the law of 17 December 2010.
The Management Company is FundRock Management Company S.A., authorised in Luxembourg and regulated by the Commission de Surveillance du Secteur Financier. The Luxembourg fund is authorised by the CSSF. The SICAV launched in May 2016.
These funds provide international clients access to the Rathbones investment expertise at low minimum investment levels, and are available in GBP, EUR and USD (EUR and USD shareclasses are hedged).
Further information on the fund range and team members is available here
*Funds under management at 31 March 2023
Paul Stockton
Chairman
Paul Stockton
Chairman
Paul became chairman of Rathbone Unit Trust Management in May 2019. Prior to this, he was group finance director from 2008 to 2018 and managing director of Rathbone Investment Management from May 2018. He qualified as a chartered accountant with PriceWaterhouse in 1992. In 1999 he joined Old Mutual Plc as group financial controller, becoming director of finance in 2001 and finance director of Gerrard Limited eight months later. Two years after the sale of Gerrard in 2005 he left to work initially for Euroclear and, subsequently, as a divisional finance director of the Phoenix Group. He was formerly a non-executive director of the Financial Services Compensation Scheme.
Mike Webb
Rathbone Unit Trust Management - Chief executive officer
Mike Webb
Rathbone Unit Trust Management - Chief executive officer
Mike Webb is chief executive officer of Rathbone Unit Trust Management, joining in February 2010. With over 25 years’ experience, Mike joined from Hermes Fund Managers where he was head of business development. Previous roles include chief executive officer of Invesco Perpetual, prior to which he was managing director of the retail division of GT Global Asset Management and sales & marketing director of Prolific Financial Management.
Jacqueline Lowe
Non-executive director
Jacqueline Lowe
Non-executive director
Jacqueline has had a long and successful career at Standard Life, latterly as Head of UK Wholesale & Retail Business. She was then appointed Head of UK Distribution for the newly combined Aberdeen Standard Investments in 2017, where she held overall responsibility for institutional, wholesale and retail distribution, and clients, in addition to the company’s liquidity business. Jacqueline has also sat on a number of subsidiary boards, and is an Investment Funds Committee member for the Investment Association.
Michael Warren
Non-executive director
Michael Warren
Non-executive director
Michael has spent his career, spanning over 30 years, in investment management. Over that time he has managed money, and has been responsible for investment and distribution teams. In 2007, he was appointed Investment Director of Thames River Capital, Thames River Multi Capital and Nevsky Capital, where he oversaw investment teams, sales and marketing, and product development. He retired from this position in 2012. Michael is currently a Non-Executive Director of Fidelity Asian Values PLC, Carrington Investments and an adviser to Gresham House Asset Management. He was also formerly a Non-Executive Director of Alquity Investments and the Liontrust Panthera Fund Ltd.
Tom Carroll
Rathbone Unit Trust Management - Chief investment officer
London tom.carroll@rathbones.comTom Carroll
Rathbone Unit Trust Management - Chief investment officer
London tom.carroll@rathbones.comTom Carroll is chief investment officer of Rathbone Unit Trust Management, joining in March 2022. Tom has over 25 years’ experience in the industry and joined from Sanlam UK where he was head of asset management.
Tom spent much of his career as a fund manager with M&G and Schroders before co-founding the investment boutique FOUR Capital Partners. He also qualified as a Chartered Accountant with Coopers & Lybrand (now PricewaterhouseCoopers).
Emma Renals
Rathbone Unit Trust Management - Chief operating officer
LondonEmma is chief operating officer of Rathbone Unit Trust Management. Joining Rathbones in July 2017, Emma built the Product, Data and Business Change departments for the funds business. Prior to Rathbones, lead programmes at UBS, Morgan Stanley, Deutsche Bank and Credit Suisse in London and New York, focusing on both derivative trading and corporate finance.
Mike Webb
Rathbone Unit Trust Management - Chairman
Mike Webb
Rathbone Unit Trust Management - Chairman
Mike Webb is chairman of the Luxembourg SICAV, joining in February 2010. With over 25 years’ experience, Mike joined from Hermes Fund Managers where he was head of business development. Previous roles include chief executive officer of Invesco Perpetual, prior to which he was managing director of the retail division of GT Global Asset Management and sales & marketing director of Prolific Financial Management.
Garvan Rory Pieters
Independent director
garry.pieters@thedirectorsoffice.comGarry Pieters is an ILA-certified, independent director with well over 30 years of experience in the field of finance and asset management. Early 2010 he joined The Directors' Office as a Partner and has several mandates as an independent director and/or conducting officer for a number of Luxembourg funds and management companies. He began his career (1982) in commodities, foreign exchange and money-markets trading at Commerzbank after which he became a portfolio manager of fixed income and money market funds at (what became) ING. He would spend a total of 22 years with ING. In 1994 he moved to Luxembourg and became the general manager of ING Investment Luxembourg. Late in 1999 he set up an asset management joint-venture for ING in Singapore where he was Chief Executive Officer and Chief Investment Officer. In 2002 he became the Executive Vice President at the ING asset management joint-venture in South Korea. In 2006 he became responsible for business development of ING's Fiduciary Pension Services in the Hague.
Suman Sharma
Director
suman.sharma@rathbones.comSuman Sharma is the Operations Director at Rathbone Unit Trust Management (RUTM) and the Board Director of the Rathbone Luxembourg Funds SICAV. She is also a member of the Executive Committee in RUTM. Suman joined Rathbones in August 2004 as a Unit Trust Senior Technician, prior to which she was working at Investec Asset Management, as a fund accountant.
Suman has nearly 30 years’ experience in the financial Services industry, including operational positions at the BNY Mellon and Lincoln National.
In our view, our fund managers are some of the most talented and experienced in the industry. The unit trust investment team is led by Chief Investment Officer Tom Carroll; they share a total of over 60 years’ experience across major financial organisations. In total, Rathbone Unit Trust Management now employs over 50 individuals across a range of functions.
The multi-asset investments team is headed by fund manager David Coombs who brings over 30 years of investment experience and is supported by a team of experienced analysts.
For more information on any of our fund managers and their analysts, click on the individual’s image to display details.
Keval Thakrar
Equity analyst
London keval.thakrar@rathbones.comKeval Thakrar Joined Rathbones in July 2021 as an equity analyst for the Rathbones Income Fund. Keval’s primary focus involves fundamental analysis on existing holdings whilst screening for new opportunities. Keval Previously worked as a global investment analyst at the Kuwaiti Sovereign Wealth Fund. Keval is a CFA (Chartered Financial Analyst) charterholder.
Our responsible investment principles
We believe it is in the best interests of our clients that the companies we invest in adopt best practice in managing environmental, social and governance (ESG) risks. This provides each company with a framework for managing its operations in the long-term interests of its shareholders. We see it as our responsibility to be good, long-term stewards of our clients’ wealth, as outlined in our responsible investment policy.
We are guided by four responsible investment principles:
- ESG integration: we will consider environmental, social and governance (ESG) factors in the evaluation of investments to help identify ESG opportunities and risks.
- voting with purpose: we will actively vote across over 95% of the value of our holdings in line with our responsible investment commitments. This may involve voting against management to help drive positive change.
- engagement with consequences: we will prioritise engagement where we can make a real difference in addressing the world’s systemic environmental and societal challenges. We are prepared to reduce our holdings in companies who continue to present an ESG risk over time
- transparency: as a prominent participant in the financial markets, we are committed to being transparent about our approach to responsible investment. We will actively report on the progress of our RI activities to our clients, shareholders and other stakeholders.
Our full responsible investment policy can be viewed here.
Reports
Our full responsible investment report for 2022 can be veiw here.
Our full responsible investment report for 2021 can be viewed here.
Our full responsible investment report for 2020 can be viewed here.
Our full stewardship report for 2019 can be viewed here.
Our full stewardship report for 2018 can be viewed here.
Our full stewardship report for 2017 can be viewed here.
Our stewardship policy statement for Rathbone Unit Trust Management can be viewed here
We appreciate the need to be transparent about our stewardship activities on behalf of our clients. We report annually on our Stewardship and Engagement Activities. For more information, please contact Matt Crossman, Stewardship Director.
Modern Slavery Statement
As part of the Rathbone Group, Rathbone Unit Trust Management adheres to the statement on Modern Slavery produced by the group. This is provided here.
The value of investments and the income from them may go down as well as up and you may not get back your original investment. Past performance should not be seen as an indication of future performance.
Our awards date back to 2002 across a range of funds. We are delighted to receive such acknowledgement from rating agencies and trade publications, as we continue to target consistently higher investment returns for our investors.
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We are delighted to have been awarded for a second year a Gold rating from STAR (the best practice initiative of improving customer experience in transferring funds across platforms). STAR is an organisation who work with platforms to try to make the transfer process quicker and less onerous for clients. It drives a vital piece of industry work that has defined and shaped a set of recognised industry-wide standards to promote good practice. An early signatory, Rathbone Funds has collaborated with STAR to:
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We are delighted to announce that we won in the ‘Relationship Management’ category at the Citywire UK Wealth Service Awards 2022. The awards come from the results of a major annual Citywire survey of 300 top wealth managers and advisers and what they think of us in all aspects of service delivery in asset management. We were shortlisted in three other categories as well:
We’re particularly pleased to win this award as it signifies direct approval from intermediaries of the way in which we continue to build and foster intermediary relationships. |
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Rathbones win at the Celebration of Investment Awards 2021In a new take on the Investors’ Chronicle Investment and Wealth Management Awards, the Celebration of Investment Awards 2021 recognises organisations that have made a positive contribution, whether that be strong performance, good ethical practice or excellent customer service. Companies were nominated by readers and journalists from the Investors’ Chronicle and the Financial Times. An expert Investors’ Chronicle judging panel created shortlists for which we (Rathbones as a whole) were nominated in four categories: ESG Champion of the Year; ESG Champion – Governance; ESG Champion – Community and ESG Champion – Protecting the Planet. At a ceremony 25 November 2021, we were delighted to win ESG Champion of the Year and ESG Champion – Governance; and runner-up (Highly Commended) in ESG Champion – Protecting the Planet. These awards are a major recognition of the immense hard work and progress we have made in this area. |
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Rathbones rated 5-Star in the Investments category at the Financial Adviser Service Awards 2021The Financial Adviser Service Awards, now in their 31st year, rate providers from ‘One Star’ (poor service) to ‘Five Stars’ (excellent service). The categorisation is based on a poll of many thousands of advisers. Providers are rated on a number of areas including new business processing, personal contact, central processing, product support, flexibility of charging options and electronic business. Rathbones is included in a very select group of nine companies to have received 5 stars in the Investments category this year. The awards continue to highlight the very best in service provision to advisers and their clients. They highlight what 'good' service looks like, especially in a Covid-19 world from firms that have gone the extra mile to demonstrate commitment to advisers and their clients. After making pandemic-induced changes in 2020, the top-rated firms are seen as having continued to refine their service offerings in 2021. |
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Best Alpha Generation Fixed InterestResearch firm Rayner Spencer Mills has awarded the Rathbone Ethical Bond Fund, winner in the Best Alpha Generation Fixed Interest fund category at its annual awards during its annual conference. |
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Winner of Investment Week Fund Manager of the Year Awards 2021Congratulations goes to the Rathbone Ethical Bond Fund team for winning the Investment Week Fund Manager of the Year Awards 2021, within the Sterling Corporate Bond sector. "Judges were impressed by the extent of its outperformance against its peers, predominantly due to strong credit selection". These awards honour fund managers and groups at the top of their game who have demonstrated consistently strong performance for investors and whom the judging panel believe have the potential to continue to outperform in the future. The award winners are selected by a panel of over 40 fund selectors drawn from across the investment industry, who judge categories in their specialist areas of interest. This success follows winning Best Sustainable and ESG Bond Fund at the Sustainable and ESG Investment awards 2020. |
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Rathbone Global Opportunities Fund has won Best Global Equity Fund at the Morningstar UK Fund Awards 2021.These awards recognise those funds and fund groups that have delivered the greatest outperformance, on a risk-adjusted basis, in 2020, and over the longer term. |
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The Rathbone Global Sustainability Fund has won Best ESG Investment Fund: Wealth Manager at the ESG Investing Awards 2021.ESG Investing has announced the winners of its 2021 awards, celebrating the best in Environmental, Social and Governance (ESG) research, ratings, funds and products. The ESG Investing Awards, now in their second year, are judged by an independent panel of experts from industry and academia. The awards celebrate the most impactful products, funds and initiatives that are making a positive contribution towards the integrity, uptake and success of ESG investing. ESG Investing is a division of Global Markets Media, a UK-based financial media company bringing research, conferences and training to trading and investment professionals across the globe. |
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Rathbones rated 5-Star in the Investments category at the Financial Adviser Service AwardsThe Financial Adviser Service Awards rate providers from ‘One Star’ (poor service) to ‘Five Stars’ (excellent service). The categorisation is based on a poll of over 4,000 advisers. Providers are rated on a number of areas including new business processing, personal contact, central processing, product support, flexibility of charging options and electronic business. |
Best Investment Fund Provider by Investment Life & Pensions Moneyfacts awardsCongratulations all around we’ve won Best Investment Fund Provider by Investment Life & Pensions Moneyfacts awards! Beating off stiff competition from Vanguard Asset Management, and Premier Miton Investors. Particularly important, because unlike many other awards, these awards are not panel assessed submissions, but instead voted by the adviser community. In the same virtual ceremony which took place last week, we were awarded Commended Best Investment Service. Whilst not quite a win, still an accomplishment in itself to be recognised. |
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Best Alpha Manager, Global Developed EquitiesJames Thomson, manager of the Rathbone Global Opportunities Fund, has picked up Best Alpha Manager, Global Developed Equities at FE fundinfo’s 2020 Alpha Manager Awards! |
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Citywire UK Fund Awards 2020We are delighted to announce that the Rathbone Strategic Bond Fund has won Best Group – Bonds, Sterling Strategic Bond category at the Citywire Best UK Fund Manager Awards 2020. The awards are based on managers whose funds are available for sale in the UK who have produced stellar outperformance in recent years. They cover 13 investment sectors across bonds and equities. The ratings methodologies are actuarially approved by AKG Actuaries & Consultants. The fund beat off some stiff competition from Allianz Global Investors; Janus Henderson; Jupiter and Sanlam. |
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Money Observer - Best SRI Fund 2020Rathbone Ethical Bond Fund has been awarded the ‘Best Ethical SRI - Bond’ at the Money Observer Fund Awards 2020. We’ve previously won this award in 2019, 2017, 2016 and 2015. These awards recognise and reward consistent top quartile performance from a fully independent statistical and qualitative assessment that identifies the best fund in each category. |
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Eurosif Transparency accolade for the Rathbone Global Sustainability FundExcellent news, we have been authorised to use the Eurosif Transparency accolade for the Rathbone Global Sustainability Fund. A rare award, to go with the same we have had for the Rathbone Ethical Bund for over five years – a ‘grown-up’ recognition of the screening processes behind the fund and helpful to us as regulations and clear communication around this topic of Environmental, Social and Governance (ESG) become ever more important. Eurosif does not accept responsibility or legal liability for errors, incomplete or misleading information provided by signatories in their responses to the European SRI Transparency Code. Eurosif does not provide any financial advice nor endorse any specific funds, organizations or individuals.
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Professional Paraplanner Awards 2020 Winner.Record numbers of paraplanners voted Rathbones as Best Outsourced Investment Firm in the Professional Paraplanner Awards– reclaiming the accolade from Brooks McDonald, after previously winning in 2018. |
Rathbone Strategic Growth Portfolio wins at the City of London Wealth Management Awards (COLWMA) 2020.Winners of a COLWMA accolade are decided by an online public vote, where the investing public is invited to share their thoughts and testimonies regarding the quality of service and product in the UK’s investment sector. Due to the Rathbone Strategic Growth Portfolio’s strong five-year performance, as well as the public support it received, it was shortlisted amongst funds such as the Brooks Macdonald Defensive Capital Fund and the Charles Stanley Monthly High Income Fund. The winning trophy was presented to us during a ceremony at London’s Guildhall on 4 March 2020. |
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Money Observer - Best SRI Fund 2019The Rathbone Ethical Bond Fund has been awarded the ‘Best Ethical SRI - Bond’ at the Money Observer Fund Awards 2019 in June 2019. Head of fixed income and fund manager Bryn Jones has previously won this award in 2017, 2016 and 2015. The Awards recognise and reward consistent top quartile performance and achievement and form a fully independent, rigorous, statistical and qualitative assessment that identifies the best fund in each category. |
Citywire Best UK Fund Group 2019Rathbone Unit Trust Management are delighted to be awarded ‘Best Group’ in the category for ‘Sterling Corporate Bond’ at the ‘Citywire Best UK Fund Group Awards 2019’. Other nominees shortlisted included BlackRock, BMO Global Asset Management, Columbia Threadneedle Investments and Schroders. These awards are based on funds are available for sale in the UK that have produced stellar outperformance in recent years. They cover 13 investment sectors across bonds and equities. |
Citywire UK Wealth Service Awards 2019Rathbone Unit Trust Management are delighted to be awarded ‘Most Accessible Fund Managers’ category for the second consecutive year. We were also shortlisted as finalists in the categories for the ‘Best Reporting and Manager Comment’ and ‘Speed of Information Delivery’. The awards are voted for by wealth managers and advisers from across the UK. |
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Investment Week Fund Manager of the Year 2019Bryn Jones, Rathbones fixed income director and his fixed income team who have been shortlisted as finalists in the Investment Week Fund Manager of the Year awards for 2019. The two categories are ‘Judges Choice for Fixed Income’ (Rathbone Ethical Bond) and the ‘Sterling Strategic Bond’ (Rathbone Strategic Bond). In 2018 Bryn was awarded the Judges’ Choice for Fixed Income for their work on the Rathbone Ethical Bond Fund. The awards will celebrate the outstanding achievements of fund managers who are shaping the future of the investment industry. |
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City of London Wealth Management Award: Best Fund 2019The 2019 City of London Wealth Management Awards were held at the Guildhall on 14 March. The Rathbone Global Opportunities Fund was the winner in the category for ‘Best Fund’ The City of London Wealth Management Awards, (COLWMA), are hosted by Goodacre UK, a leading specialist business and technology consultancy. The awards recognise and promote quality of service from Wealth Management companies and individuals. |
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Money Observer Rated Funds 2019The Rathbone Ethical Bond; Rathbone Income Fund and Rathbone Global Opportunities Fund receive a 2019 ‘Rated Funds’ accolade from ‘Money Observer rated Funds’. This is based on consistently delivering superior returns against their peer group over at least three years. Other factors taken into consideration included manager track record and income yields (where relevant) |
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Investment Life and Pensions Moneyfacts Award 2018Rathbone Unit Trust Management were nominated in two categories: 'Best Ethical Investment Provider' and 'Best Investment Service' This award is based on nominations from the adviser community, based on their their top three providers across the full range of protection, retirement and investment products. Each provider's product pricing and features were examined during the preceding 12-month period. |
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FT Adviser Investment 100 Club Awards 2018We are proud to announce Bryn Jones, was awarded 'Sterling Corporate Bond Fund of the Year' for the Rathbone Ethical Bond Fund, on 11 October 2018, at FTAdviser's Investment 100 Club Awards 2018. The Rathbone Ethical Bond Fund is one of 20 elite funds recognised for delivering strong five-year returns. |
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Citywire's UK Fund Manager Awards 2018Citywire UK fund manager awards recognises those individuals with the highest risk-adjusted returns over three years to 31 May It also rewards the depth of talent that sits at the core of the best asset management houses. The groups that qualified go through the Citywire Group Ratings methodology, covering a seven year period. Rathbones, David Coombs, AA Citywire rated has won the 'Mixed Asset - Absolute return' category, for the Rathbone Multi-Asset Strategic Growth Portfolio, for the second consecutive year.
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Winner of the Fund Manager of the Year awards 2018
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Women in Finance Awards 2018We are please to announce Rathbones, Fund manager Alexandra Jackson was shortlisted as a 2018 finalist. The Women in Finance Awards is Europe’s largest diversity initiative, recognising the high-achievers, advocates, and role models for women in the sector. |
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Rathbones awarded best Ethical SRI - BondThe Rathbone Ethical Bond Fund has been awarded the ‘Best Ethical SRI - Bond’ at the Money Observer Fund Awards 2018 on 28 June 2018. Head of fixed income and fund manager Bryn Jones has previously won this award in 2017, 2016 and 2015. The Awards recognise and reward consistent top quartile performance and achievement and form a fully independent, rigorous, statistical and qualitative assessment that identifies the best fund in each category. |
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Asset TV audience choice awards 2017We are proud to announce that our Masterclass on 'Brexit: the Investment Implications' with Rathbones, David Coombs - Head of Multi-Asset Investments, was awarded the Asset TV audience choice awards on 22 August 2017. |
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Fund manager of the year 2017 - finalists revealedThe Rathbone Ethical Bond Fund (in the IA Sterling Corporate Bond sector) and Rathbone Income Fund (in the IA UK Equity Income sector) have been shortlisted at the forthcoming Investment Week Fund Manager of The Year Awards 2017. The awards will be held on Thursday 6th July 2017 at the Royal Albert Hall. The awards recognise the outstanding achievements of fund managers who are shaping the future of the investment industry. |
Citywire UK awards 2017Fund Manager, David Coombs has been awarded the ‘Best Manager’ in the Mixed Assets - Absolute Return GBP sector at the Citywire UK Awards 2017. The Citywire UK Awards recognise the top managers, generating the highest risk-adjusted returns, in 15 key sectors over the past three years to 31 December 2016. |
