UK - Howard Daldorph, the former director of institutional funds for ISIS, has joined a boutique called Reabourne Technology Investment Management as marketing director, a new role.

Daldorph, who left ISIS after it merged with F&C, will be marketing biotechnology and technology equities to big institutional investors, including pension funds, to win new business.

“Reabourne is seeking to strengthen and develop its client base through management of further global or regional tech, biotech and healthcare funds,” the company said in a statement.

Daldorph explained to IPE that Reabourne, owned by the UK merchant bank Close Brothers Plc, specialises in global small and mid-cap technology and biotechnology equities.

He said Reabourne’s team of market practitioners had the scientific skills to understand intellectual property rights as well as “the risk/return equation” of commercialising intellectual property.

He also said Reabourne already managed funds for small institutional investors indirectly as some equity managers who act on their behalf has outsourced the technology equity sector.

The boutique also manages a global technology fund for Prudential Financial, the Finsbury Technology Trust, the Close Finsbury Eurotech Trust and the Finsbury Life Sciences Investment Trust.