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 to review property equity fund after manager quits

M&G to review property equity fund after manager quits

Gillian Tiltman has resigned from M&G, where she managed its £132 million Global Real Estate Securities fund.

The fund, which Tiltman has run since 2010, has returned 14.6% over the past three years compared with an average of 21.5% from its Citywire Global Property Equity sector.

Richard O’Connor, who managed the fund between 2008 and 2010, has assumed responsibility for it again with immediate effect. He also heads the M&G Fund of Investment Trust Shares, Light Green fund and several index funds.

The Citywire + rated manager has returned 24.2% through the past three years on the Fund of Investment Trust Shares, versus the peer-group average of 22.3% in its global equities category.

M&G confirmed that it had also initiated a review of the real-estate fund, but advised that there would be no change to the fund’s investment approach during this period.

Tiltman will remain at M&G in an advisory role on the fund while serving out her notice, with the group also stating that she would then leave ‘to pursue an opportunity with another investment manager’.

‘We would like to thank Gillian for her contribution over the past six years,’ said Gary Cotton, chief executive of equities at M&G.

‘We are sad to see her go but wish her the best in her new role. Gillian leaves the fund in the very safe hands of Richard while we review its prospects.’

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