UK: INVESTMENT MANAGERS MERGE TO BECOME GERRARD

Article Abstract:

Old Mutual-owned companies, Greig Middleton and Capel Cure Sharp, have merged to form Gerrard, one of the largest investment firms for private clients. The new company now manages funds of GBu 21bn and aims to be the top investment manager for wealthy private clients in the UK, with plans to include sponsorship of the Gerrard name at top sporting events. The company aims to build on its 20% share of the stockbroking market and to expand its unit trusts and its provision of financial advice. Despite some staff moves and office mergers Gerrard will maintain regional offices across the country to offer a more personal service.

Securities Dealers, Investment Banking and Securities Dealing, Acquisitions & mergers, Security brokers and dealers, Capel-Cure Sharp, Greig Middleton, Old Mutual Asset Managers (South Africa) Proprietary Ltd.

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UK: AAM TECHNOLOGY FUND WINS ISA INVESTMENT LEAGUE

Article Abstract:

Inter-Alliance, a UK fund supermarket, reports that more money was invested in Aberdeen Asset Management's technology fund than any other Isa fund during 2000. Inter-Alliance examined its database of Isa sales from March 2000 to February 2001 to determine the five most successful funds in terms of total amount invested. Given that the technology sector has been experiencing some difficulties, it was surprised to find a technology fund in the top position. Head of UK and European sales at AAM, Jonathan Polin, claims that the fund's success was not unexpected but it proves that investors are looking to the future.

Sales, profits & dividends, Aberdeen Asset Management PLC

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UK: INVESTMENT FIRMS FALL DOWN ON CUSTOMER SERVICE

Article Abstract:

Research by Deloitte & Touche has revealed that contacting investment companies by post is the quickest and most effective way to make an application, while e-mail was ranked as the least effective. Although fund management companies rank e-commerce as a priority, along with revenue and performance, fund managers have yet to incorporate e-commerce into the sales chain.

General services, Deloitte & Touche L.L.P.

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