Ravenscroft 'scales back' from UK retail market

Harries exits

Natalie Kenway
clock • 1 min read

Ravenscroft, the investment management firm backed by Stephen Lansdown, has taken the decision to cut the promotion of its funds to the UK retail market after a strategic review.

The Guernsey-based firm launched its Huntress Balanced and Global Blue Chip funds to the UK retail market in 2017 and also hired Mark Harries, former multi-asset manager at Aberdeen,  as head of investment management UK. However, the group said it carried at a review earlier this year which has led to Harries leaving the business. Stephen Lansdown: My plans to expand Ravenscroft's 'island discipline' into the UK and beyond Mark Bousfield, group managing director of Ravenscroft, said: "Following a strategic review of its business operations at the start of 2019, investment services ...

To continue reading this article...

Join Investment Week for free

  • Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
  • Get ahead of regulatory and technological changes affecting fund management
  • Important and breaking news stories selected by the editors delivered straight to your inbox each day
  • Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
  • Be the first to hear about our extensive events schedule and awards programmes

Join now

 

Already an Investment Week
member?

Login

More on Asset Managers

Henry Adefope (pictured), director at Tavistock Communications

Should boutique asset managers care about corporate PR?

One in six set to disappear in next four years

Henry Adefope
clock 17 October 2023 • 4 min read
There was also feedback on whether non-UCITS funds might be rebranded to help rationalise the regime, and if so, how best to do this.

FCA to consult on amending regimes for alternative fund managers and retail funds

Three main priorities for reform

Valeria Martinez
clock 12 October 2023 • 3 min read
The scheme meeting and vote has been delayed to 13 December 2023.

Woodford investors to vote in single class as scheme of arrangement vote delayed

Sanction hearing 18 January

James Baxter-Derrington
clock 12 October 2023 • 3 min read
Trustpilot