Stephen Whittaker and Phil Roantree, formerly of New Star Asset Management, have struck out to establish their own investment management firm called Querns Asset Managers. The new UK-based firm will employ a high-income investment strategy that invests in UK equities and Sterling corporate bonds.
Querns Asset Managers’ target is to have £250 million pounds (approximately $360 million) in assets under management within 5 years. The firm is expected to launch its first high-income fund shortly, following approval from the Financial Services Authority
Stephen Whittaker, Querns’ Senior Partner, will manage the equity portion of the firm’s portfolio, while Chief Investment Officer Phil Roantree will oversee the bond portion. Both managers worked together for several years at New Star Asset Management and according to a press release “They are very familiar with each other’s investment approach and enjoy an inherent understanding of how their respective styles can combine to provide a complementary and highly effective investment solution for income seekers. In short, they make a strong and united investment team”
From 2002 to 2008, Mr. Whittaker managed the New Star’s UK Growth Fund and became the company’s Joint Chief Investment Officer. Before that he built that UK Equity investment team at Perpetual plc. While at New Star, Mr. Roantree managed the New Star Sterling Bond fund. Over the past 18 years he has managed a broad array of bond portfolios, “including segregated, unit linked, sterling, global, government and credit portfolios.”
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