Wealth Manager - the site for professional investment managers

Register to get unlimited access to 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
Play Big City Bright Future

Big City Bright Future

Big City Bright Future, the brainchild of BlackRock, is a three-week work experience programme for school leavers looking to forge a career in the City.

Play Kames' Ennett: Trump good for US high yield, but beware Europe

Kames' Ennett: Trump good for US high yield, but beware Europe

Kames Capital’s head of high yield David Ennett believes the changing political landscape will be a positive for the US, but negative for Europe in 2017.

Play Philip Milburn: why inflation won't run out of control

Philip Milburn: why inflation won't run out of control

Kames bond fund manager views inflation as more of 'scare' than a 'problem' and is positioning his portfolios accordingly.

Read More
Your Business: Cover Star Club

Profile: change is the only constant for Quilter Cheviot

Profile: change is the only constant for Quilter Cheviot

This is not the first time we have profiled David Miller, but at the time of his previous appearance his company looked very different.

Wealth Manager on Twitter