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.

M&G’s Greg Aldridge steps back from retail funds

M&G’s Greg Aldridge steps back from retail funds

Greg Aldridge will cease managing retail money at M&G from July 1, with new recruit John William Olsen to take on the group’s Global Growth fund.

Aldridge (pictured) currently runs the £858 million M&G Global Growth, £184 million M&G European, and £206 million M&G Pan European funds. Each has underperformed its sector average over the past three years.

Aldridge will be succeeded on Global Growth and Pan European by Olsen, who was recruited from Danske Capital. Over the three years until his departure from Danske at the end of last year, Olsen returned an average of 25.9% across his six global equity funds compared with a peer group average of 20.6%.

‘John William brings substantial experience in global equities and his appointment bolsters M&G’s well-established and successful equities team,’ said Michael McLintock, chief executive of M&G Investments.

Citywire + rated Charles Anniss, currently co-manager of the European fund, will become solely responsible for it from July 1. He will also become deputy manager of the Pan European fund and will continue in his role as manager of the M&G European Smaller Companies fund.

M&G stated that Aldridge would focus on his institutional mandates from July 1.

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 JPM’s Negyal: Back divis to temper EM volatility

JPM’s Negyal: Back divis to temper EM volatility

Omar Negyal, co-manager of the JPMorgan Global Emerging Markets Income trust, says a dividend approach to emerging markets reduces the volatility of investing in the asset class.

Play WMR: Why Russia will lose this war

WMR: Why Russia will lose this war

Author and journalist Adam Lebor believes a perfect storm is brewing when it comes to the Russian economy. .

Play WMR: Gerard Lyons warns Asia is the real risk, not Russia & Ukraine

WMR: Gerard Lyons warns Asia is the real risk, not Russia & Ukraine

Chief economic adviser to London mayor Boris Johnson outlines the geo-political risks in Asia and explains why the risk of another eurozone crisis must not be underestimated.

Your Business: Cover Star Club

Profile: The adviser that tempted Robin Minter-Kemp on board

Profile: The adviser that tempted Robin Minter-Kemp on board

It is rare to meet an impassioned individual who is willing to bang the drum for investment advisory right now

Wealth Manager on Twitter