Wealth Manager - the site for professional investment managers

Register free for our breaking news email alerts with analysis and cutting edge commentary from our award winning team. Registration 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.

Related Fund Managers

John William Olsen
John William Olsen
214/446 in Equity - Global (Performance over 3 years) Average Total Return: 33.88%
Charles Anniss
Charles Anniss
35/68 in Equity - European Small & Medium Companies (Performance over 3 years) Average Total Return: 52.62%
Greg Aldridge
Greg Aldridge
Citywire TV
Play CEO Tapes: Buxton to Gilbert - ‘my Glencore quandary’

CEO Tapes: Buxton to Gilbert - ‘my Glencore quandary’

Do not miss the first two minutes of this film as Richard Buxton shares how he has been challenged by a client for owning shares in a certain company.

Play CEO Tapes: the huge opportunities for asset managers

CEO Tapes: the huge opportunities for asset managers

From tech disruption, retirement and poaching, the CEO discuss the opportunities for their businesses in this episode.

Play CEO Tapes: 'we're just a bunch of white dudes sitting here'

CEO Tapes: 'we're just a bunch of white dudes sitting here'

In our brand new series, eight CEOs discuss how the industry could do a better job for female fund managers.

Read More
Your Business: Cover Star Club

Profile: Kevin Doran's formula for success at AJ Bell

Profile: Kevin Doran's formula for success at AJ Bell

From a degree in theoretical physics to teaching and becoming one of the youngest chief investment officers in the UK, Kevin Doran has certainly had an interesting career.

Wealth Manager on Twitter