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
Play Navigating geopolitical risk with ETFs

Navigating geopolitical risk with ETFs

ETFGI’s Deborah Fuhr on how investors can use exchange-traded funds to position their portfolio.

Play Sarasin’s Boucher: why I like salmon with chocolate

Sarasin’s Boucher: why I like salmon with chocolate

Henry Boucher, manager of the £129 million Sarasin Food & Agriculture Opportunities fund, explains why he is gobbling up salmon and chocolate stocks.

Play Alibaba hype, the UK slowdown and opportunities in European sovereign bonds

Alibaba hype, the UK slowdown and opportunities in European sovereign bonds

Libby Ashby and leading wealth managers analyse what the Alibaba IPO hype means for Chinese equities, slowing growth of the UK economy and whether there’s anything left to play for in the European sovereign bond market.

Your Business: Cover Star Club

Profile: How David Esfandi is shaping Canaccord Genuity WM

Profile: How David Esfandi is shaping Canaccord Genuity WM

After six months as chief executive of Canaccord Genuity David Esfandi's ambitions are taking shape

Wealth Manager on Twitter