In this Boutiques Connect News update our host Rory Palmer discusses this month's head news: Sanderson Asset Management is closing down following the retirement of its founder Tim Sanderson and a decline in assets; Amati’s Paul Jourdan defended the defence sector and other controversial holdings in a statement published earlier this week; Boutique Pacific Asset Management has launched an active credit fund with Australian firm Coolabah Capital Investments after they entered into a partnership earlier this year.