Managing Partners News
May 5th, 2009
LONDON, 05.05.2009 - Managing Partners Limited (MPL), the boutique fund manager, has appointed David Morgan to the new position of Head of Institutional Sales to support the company’s ongoing growth plans. He will be based in MPL’s office in the City of
London and will report to Jeremy Leach, the Managing Director. David has joined from Turnstone Asset Management in
London, where he was Head of UK and Channel Islands Business Development. He began his career in 1983 when he joined NatWest Bank. He has since worked in a variety of sales roles for Fidelity, Invesco Europe, Aberdeen Asset Management, Close Finsbury Asset Management and London & Capital Investment Management. Jeremy Leach commented: “David has a wealth of experience in sales for a number of investment management companies and he will be a major asset in helping us deliver the message that traded life policies represent a fantastic alternative to the mainstream asset classes that have let investors down over the last couple of years.” TLPs are US-issued whole of life policies sold before their maturity date to allow the original owners to enjoy some of the benefits during their own lifetimes. By building diversified portfolios of them and carrying out the right actuarial analysis, fund managers can use them to deliver steady, incremental returns that are uncorrelated to other financial asset classes. For example, the GBP Growth share class in MPL’s Traded Policies Fund, which is available to retail investors, returned 10.47% net of all charges in the 12 months to 1 January 2009. The GBP Institutional share class delivered 10.56% net of all charges over the same period. The returns make the fund one of the outstanding performers of 2008, which saw many funds deliver double-digit losses as their underlying asset classes plummeted for the second year in a row.
For further information on Managing Partners Limited range of funds, call 0207- 965- 4631 or visit (www.managing-partners.com).
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