Wealth Manager - the site for professional investment managers

Register to get unlimited access to all of Citywire’s Fund Manager database. Registration is free and only takes a minute.

Ex-Martin Currie trio join forces to launch boutique

Ex-Martin Currie trio join forces to launch boutique

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.

The Asia Pacific fund is now run by Paul Danes and A-rated Andrew Graham, who also replaced McCay as Martin Currie’s head of Asia.

In the three years prior to McCay’s departure, the Martin Currie GF Asia Pacific fund returned 38.6%, compared to the MSCI AC Asia Pacific ex Japan TR index, which rose 34.1%.

The Cadence Investment Partners limited liability partnership has been registered in Edinburgh and the company has also registered a web address.

Leave a comment!

Please sign in or register to comment. It is free to register and only takes a minute or two.
Citywire TV
Brewin's Gutteridge: the opportunities in UK challenger banks

Brewin's Gutteridge: the opportunities in UK challenger banks

In this week's podcast, Brewin Dolphin's Ben Gutteridge and Guy Foster, discuss opportunities in the global financials sector with Aptus' Johnny De La Hey.

Play Charles Tan on Woodford & hidden trust income gems

Charles Tan on Woodford & hidden trust income gems

Cantor Fitzgerald investment company analyst Charles Tan discusses Woodford Patient Capital and some of the income trusts slipping under the radar.  

Brewin's Foster: the world’s most unconventional monetary policies

Brewin's Foster: the world’s most unconventional monetary policies

In this week's podcast, Guy Foster asks why the world’s biggest economies are pursuing some of the world’s most unconventional monetary policies. 

Your Business: Cover Star Club

Profile: how Close Brothers gave power back to the regions

Profile: how Close Brothers gave power back to the regions

Almost a year into the role, Close Brothers Asset Management head of wealth management Andy Cumming has highlighted three keys areas of focus

Wealth Manager on Twitter