Manager News - February 2021 | Murdoch Asset Management
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Manager News – February 2021

Royal London UK Income:  8th February 2021

Martin Cholwill, manager of the Royal London UK Equity Income fund, is set to retire later this year.  He will be succeeded on the fund by his deputy, Richard Marwood, who has worked alongside Cholwill since joining the group in 2016.  Marwood currently manages the firm’s UK Dividend Growth fund and previously co-managed the AXA Distribution fund.

Keystone Investment Trust:  10th February 2021

The board of the Keystone Investment Trust have appointed Baillie Gifford’s Positive Change team as investment advisors on the portfolio, taking over from Invesco who had managed the trust with a UK equity income mandate.  The trust will be renamed Keystone Positive Change and will invest in global companies which contribute towards a more sustainable and inclusive world or whose products or services make a positive social or environmental impact.

Polar Capital Emerging Markets:  17th February 2021

William Calvert, the manager of the Polar Capital Emerging Markets Income fund, has announced he will retire early in the second quarter of 2021.  The fund set to be closed and merged into the Polar Capital Emerging Markets Stars fund; subject to shareholder approval.  Calvert launched the Emerging Markets Income fund in 2011 and was previously Head of Emerging Markets at AXA Framlington.

Troy Trojan Income:  25th February 2021

Francis Brooke, the manager of the Troy Trojan Income and Troy Income & Growth Trust, will giving up portfolio management responsibilities as he prepares to take up a new role at the group at the end of this year.  Blake Hutchins will become the lead manager of the Trojan Income in January 2022, with support from existing co-manager Hugo Ure.  Ure will remain co-manager of the Troy Income & Growth Trust alongside Hutchins.