Rensburg sets course with all UK equity focus

Following its recent strategic review Rensburg Fund Management has chosen to concentrate its energy and resources on building its UK equity business. The company has decided to sell its fixed interest capability to Gartmore Investment Management Limited in order to pursue this objective.

Alex Brotherston, Joint Chief Executive of Rensburg Fund Management said: "We have already established an enviable reputation for delivering consistently superior returns in UK equity investment. Rather than dilute this, we believe it makes sense for our fund management team to focus their expertise on what they do best. The managers are held in the highest esteem by the industry and in time, we shall be introducing new products that specifically play to their strengths."

He continued: "This is not an easy period for professional investors, particularly for their clients. Many of them are crying out for clarity. Arguably, the industry's intricate corporate structures and alliances, coupled with increasing product complexity over the years have only served to add to the confusion. We think that by adopting a very focused and straightforward approach at least Rensburg will be sending out a very clear message, and one that our soundings confirm, is likely to be warmly welcomed."