View the article online at http://citywire.co.uk/money/article/a601385
Martin Currie hires top US equity manager
The Edinburgh-based firm has hired the former head of US equities for Kuwait's $296 billion sovereign wealth fund who will work alongside manager Tom Walker.
Martin Currie has announced the appointment of manager Penny Kyle who will join the firm's North American equities team.
Kyle will work alongside the Scottish group's head of North American equities, Tom Walker (pictured), as co-manager on a number of its funds including its Martin Currie North American fund. This fund has underperformed the S&P 500 index in the US in recent years and was dropped as a Citywire Selection recommendation in January.
Before joining the Edinburgh-based firm, Kyle worked for five years at the Kuwait Investment Office, the London-based branch of the country's $296 billion sovereign wealth fund, the Kuwait Investment Authority, as the institutional investors head of US equities.
Kyle has over 16 years' investment experience managing North American equities and also previously worked as Morley Funds Management's head of North American equities for three years where she established its investment philosophy for investing in the region.
This latest recruitment follows on from recent appointments to Martin Currie's research team, including Matthew Franklin who joined from Schroders as its global head of industrials and utilities research and Gavin MacGregor who joined from Credit Suisse as senior research analyst for healthcare.
David Forsyth will now move to the Martin Currie equity income team as a senior analyst to help support the team in an area where demand for the group's strategies is strong, the firm said, most notably the Global Equity Income fund.
News sponsored by:
The Citywire guide to investment trusts
In association with Aberdeen Asset Management
What can SLI bring to the table for those who want to put their money into investment trusts?
More about this:
Look up the funds
Look up the fund managers
More from us
- Citywire Selection Review: 10 funds we're adding and dropping
- Obama unlikely to pass ‘Buffett Tax’, says Martin Currie’s Walker
- Tom Walker: my fund performance hangs on Apple's results
Tools from Citywire Money
From the Forums
Weekly email from The Lolly
Get simple, easy ways to make more from your money. Just enter your email address below
An error occured while subscribing your email. Please try again later.
Thank you for registering for your weekly newsletter from The Lolly.
Keep an eye out for us in your inbox, and please add email@example.com to your safe senders list so we don't get junked.
by Dylan Lobo on May 21, 2015 at 12:27