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CIS manager resurfaces at Cheshire discretionary

CIS manager resurfaces at Cheshire discretionary

Neil Foundly, the formerly Citywire A-rated Co-operative Investment manager who left the business following the sale of the asset manager to Royal London, has joined Equilibrium Asset Management.

He joins the investment team of the Cheshire-based wealth manager beneath partner and investment manager Mike Deverell (pictured).   

‘A warm welcome to our newest recruit @nfoundly joining the @EquilibriumAM investment team today!,’ Deverell tweeted.

Foundly formerly ran the £429 milion CIS Income with Growth Trust, which returned 30.6% over the three years to his departure, versus a UK Equity & Bond peer group average of 28.5%.  

The company currently runs more than £300 million. Deverell is a regular contributor to Wealth Manager sister-site Citywire Money.

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