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Ex-Martin Currie trio join forces to launch boutique
by Eleanor Lawrie on May 15, 2014 at 10:33
Former Martin Currie Asian equity head Jason McCay (pictured) is teaming up with two former colleagues to launch Cadence Investment Partners, an investment boutique, Wealth Manager understands.
Citywire AA-rated McCay, who was at Martin Currie for 15 years, announced in March 2013 he was leaving with the intention of launching his own investment firm after an extended career break.
He is joined in the limited liability partnership by Keith Donaldson, formerly head of Japanese equities at Martin Currie, who resigned at the same time last year.
Donaldson ran the Martin Currie Japan Alpha fund, which in three years to March last year returned 11.5% compared to 12.8% by the IMA Japan sector.
They will be joined by former head of European equity Stewart Higgins, who retired from Martin Currie in 2010 after 23 years and was replaced by Eric Woerhling.
Higgins managed various European mandates, including the Martin Currie European Equity Income fund, which is now run by Ross Watson and David Forsyth.
Richard Evans, who worked alongside McCay and Graham on the Asia Pacific fund before leaving Martin Currie in the summer of 2011, is also understood to be a part of the venture, after initially deciding to quit the fund management industry.
At the time of his departure, McCay announced his intention to go it alone. He has written on his LinkedIn page that he is ‘exploring new business opportunities alongside planning a new independent investment business’.
McCay co-managed the Martin Currie Asia Pacific fund for more than five years, and also co-managed the Martin Currie Asia Long Term Unconstrained fund.
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