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Majedie Asset Management shakes-up UK equity team
by Chris Sloley on Oct 16, 2013 at 11:41
Majedie Asset Management has undertaken a number of changes in its fund manager line-up to allow Chris Reid to focus on other funds.
Citywire + rated Reid (pictured) has stepped down from running the Dublin-domiciled Majedie Tortoise fund, according to our sister publication Citywire Global.
He had co-run the long/short equity strategy with fellow Citywire + rated manager Matthew Smith since the fund’s launch in September 2009.
His role on this strategy has been assumed by equity analyst Tom Morris, who has four years of experience in the investment industry.
The move is designed to allow Reid more time to focus on the Majedie UK Income fund, which was launched in December 2011 and experienced significant inflows over the past year.
A spokesperson for the London-based group told Citywire Global: ‘The performance of the UK Income fund has been notable and assets have grown to over £200 million (€236 million) over the past seven months.’
‘Increasingly Chris’s time is being taken up with this portfolio and he has also had a co-manager assigned to work alongside him. We are fortunate to have a strong pool of talent to call upon.’
His new co-manager on this fund is Yuri Khodjamirian, who has four years’ experience as an analyst in the UK and international equity markets. Reid will retain his role on the Majedie UK Focus fund.
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