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AA-rated John McClure gets Unicorn Income co-managers

AA-rated John McClure gets Unicorn Income co-managers

Unicorn Asset Management has named Fraser Mackersie and Simon Moon as co-managers on Citywire AA-rated John McClure’s UK Income fund and the Acorn Income investment trust.

‘Unicorn has a philosophy of nurturing and developing home-grown talent,’ said McClure (pictured). ‘Fraser and Simon’s promotion to co-managers of the Unicorn UK Income and the Acorn Income funds is in recognition of their work and instrumental contribution to the success of Unicorn.’

Mackersie is also AA-rated as McClure’s co-manager on the Unicorn Free Spirit fund, a position he will retain. Moon will similarly remain co-manager with McClure of the UK Smaller Companies fund.

Unicorn UK Income has returned 246% since its launch in May 2004, compared with an average of 115% from its peer group through the period. The performance has also helped the fund balloon in size: from £85 million at the start of 2013, it now contains more than £500 million.

Over the past five years Acorn Income has returned 516%, compared with an average of 179% from its sector.

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