GLOBAL - Newton Fund Managers has strengthened its European fund management desk with the appointment of Aaron Barnfather.
Barnfather joins Newton from Royal & SunAlliance Investments (RSA), where he worked as a fund manager for seven years. Since 1998 he has been a fund manager for overseas unit trusts and institutional accounts.
Separately, Daniel Hemmant has taken over management of the Newton Global Innovation Fund. Under Newton’s investment process, Hemmant will be supported by technology and telecoms analysts Fiorangelo Salvatorelli and Fati Naraghi.
Hemmant joined Newton in June 2001 from Cazenove Fund Management, where he was responsible for the US corporate bond fund and the UK corporate bond fund. He will succeed Trish Bridson, who is concentrating on the Newton American Fund.
Bridson will work alongside Simon Laing, who has been promoted to the American desk.
By Janet Du Chenne
The volume of insured buyouts from FTSE 100 defined benefit (DB) schemes could increase from £5bn to £300bn by 2029, according to Lane Clark & Peacock (LCP).
The vast majority of JLT Employee Benefits' clients have moved to the new equalised basis since the consultancy enabled pension schemes to calculate transfer values to allow for guaranteed minimum pension (GMP) equalisation.
Investors, driven by depressed interest rates, slower global economic growth and rich equity market valuations are examining non-traditional investment opportunities.