Walker Crips Regulatory News (WCW)

17 Jun 2005 09:30

Walker,Crips,Weddle,Beck PLC17 June 2005 WALKER, CRIPS, WEDDLE, BECK PLC LAUNCH OF UK GROWTH FUND IN EUROPE 17 June 2005 Subject to receiving regulatory approval in the Republic of Ireland, the Walker,Crips, Weddle, Beck plc ("WCWB") UK Growth Fund management team will be managinga Dublin based UK Growth Fund to be launched by Collins Stewart Fund ManagementLimited ("CSFM") under a new agreement between the two companies. The agreement will give WCWB access to European markets whilst providing CSFMwith access to one of the UK's leading UK Growth teams. The team, Stephen Baileyand Jan Luthman, will run the Collins Stewart UK Growth Fund as a mirror fund ofthe WCWB UK Growth Fund. From 5 March 2002 to 31 March 2005 the WCWB UK GrowthFund was ranked 4 out of 271 funds in the IMA UK All Companies sector,outperforming 98% of all funds in its sector. Stephen Bailey, investment director of Walker, Crips, Weddle, Beck, commented:"We do not currently have exposure to investors outside the UK and we expectthis venture to support our growth in the UK and contribute to a significantincrease in our funds under management." For further information, please contact: Stephen Bailey - Walker, Crips, Weddle, Beck plc 020 7553 9622Investment director Paul Hyde - Walker, Crips, Weddle, Beck plc 020 7871 2293Head of sales Jennie Campbell - Quill Communications 020 7763 6979 Editor's notes Walker, Crips, Weddle, Beck plc The investment manager, Walker, Crips, Weddle, Beck plc ("WCWB") has appointedWalker, Crips Stockbrokers Limited ("WCS") as the investment adviser. WCS is awholly owned subsidiary of WCWB. WCWB was incorporated in 1914 and has a fulllisting on the London Stock Exchange. Since 2002 the fund management team of Stephen Bailey and Jan Luthman have beenmanaging the CF Walker Crips Growth Fund. This information is provided by RNS The company news service from the London Stock Exchange