Manager News – July 2017

Investec American:

 

Investec Asset Management has appointed Michael Hayward as manager of their American and offshore American Equity funds, replacing Alessandro Dicorrado and shifting the fund to have a quality bias, rather than value.  Dicorrado had managed the funds since March 2016 but he will now focus on his global responsibilities within Investec’s Value Team.

 

 

BlackRock UK Income:

 

Mark Wharrier has resigned from BlackRock where he managed their UK Income fund and Growth & Income investment trust.  The BlackRock UK Income fund will be taken over by existing co-managers Adam Avigdori and David Goldman and there will be no changes to the investment objective as a result of the departure.  Avigdori and Goldman will also take over running the Growth & Income investment trust, which Avigdori has been co-manager on since November 2011.

 

 

Trojan Income:

 

Troy Asset Management has appointed former BlackRock manager Mark Wharrier as its third equity income manager, supporting Francis Brooke on their Trojan Income fund.  Wharrier will join the group in October 2017 and will work as an assistant manager to Brooke, alongside Hugo Ure who is also assistant manager.

 

 

Neptune US Opportunities:

 

Robin Milway will be replaced as lead manager on the Neptune US Opportunities fund by Alistair Unwin, who runs the firm’s Global Technology fund.  Unwin had been supporting the US Opportunities team since 2014 and he will co-manage the fund along with Patrick Close; who has been invested with the fund since May 2016..

 

 

Janus Henderson Multi-Manager:

 

Chris Forgan, a co-manager within Janus Henderson’s Multi-Asset team, will leave the group in August 2017, with Dean Cheeseman, formerly of Mercer, set to replace him.  Cheeseman will report to Janus Henderson’s Head of Multi-Asset, Paul O’Connor.

 

 

Royal London UK Ethical:

 

Royal London Asset Management have announced that on the 31st August 2017 they will close their UK Ethical Equity fund.  The manager, Mike Fox who is also Head of Sustainable Investments at the group, will continue to run their Sustainable Diversified Trust, Sustainable Leaders Trust and Sustainable World Trust funds. Holders of the UK Ethical Equity fund will have the option to switch to the Sustainable Leaders Trust fund or to transfer to any other Royal London fund free of charge.

 

 

Fidelity Multi-Asset:

 

Fidelity International has hired Chris Forgan as co-manager of their Multi-Asset Income fund range working alongside Bill McQuaker.  Joining in September 2017 from Janus Henderson Investors, Forgan will work as a co-manager within the existing Multi-Asset Income team, led by Eugene Philalithis.

 

 

Jupiter Multi-Asset:

 

Jupiter’s Head of Multi-Asset Strategy, Miles Geldard, is to step back from management responsibilities in September 2017, with co-manager Lee Manzi stepping in to take control of the Global Convertibles, Strategic Reserve and Strategic Total Return funds.  In his new role, Manzi will be supported by Joseph Chapman, Fabrizio Palmucci and Katharine Dryer; who was appointed Head of Investments for Multi-Asset and Fixed Income in 2016.