It has been a hard year for the Edinburgh investment house. First it had to absorb a difficult merger with Hill Samuel – many of whose fund managers preferred to Find new jobs rather than leave London for bonny Scotland.
It lost its one real star manager, Albert Morillo, head of European equities, who jumped ship to BlackRock prompting several clients to follow.
Then Dudley Fired his head of UK equities, Mike Corless, in the process openly criticizing him for poor performance.
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