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.

Montanaro recruits Standard Life Wealth manager

Montanaro recruits Standard Life Wealth manager

Ed Heaven, a portfolio manager at Standard Life Wealth in London, is to join Montanaro Asset Management later this year.

Heaven will become a product specialist at the small-cap boutique, expanding a team of 28 that Montanaro believes is the largest dedicated European small-cap desk in Europe.

Before its acquisition by Standard Life Wealth in September last year, Heaven was an investment manager at Newton, where he had worked since 2009.

Separately to Heaven’s appointment, Montanaro has revealed that its head of investments Anna Lunden will succeed David Lindley as manager of its £197 million UK Smaller Companies trust from 1 October.

‘This has arisen largely because David would like to devote all of his time as an analyst within Montanaro,’ explained chief executive Charles Montanaro (pictured).

‘All Montanaro’s funds and mandates are managed through a team approach. As a result, returns are very similar for all strategies irrespective of the day to day manager.’

Over the past three years, the trust has returned 23.4% compared with 39.2% from its benchmark Numis Smaller Companies excluding Investment Trust index.

Montanaro confirmed that Lunden would also remain manager of the £47 million European MidCap fund.

Since inception in March 2012, this has generated 40.8% versus 36.8% from its STOXX Europe Mid 200 benchmark.

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

Anna Lunden
Anna Lunden
43/54 in Equity - European Small & Medium Companies (Performance over 3 years) Average Total Return: 45.94%
Charles Montanaro
Charles Montanaro
49/54 in Equity - European Small & Medium Companies (Performance over 3 years) Average Total Return: 36.58%
David Lindley
David Lindley
Citywire TV
Play Biotech Growth: we will ride out this storm

Biotech Growth: we will ride out this storm

Geoffrey Hsu of Biotech Growth Trust says the sell-off in biotechnology stocks represents a buying opportunity for long-term investors.

Play Picton: the UK property hotspots for rental income

Picton: the UK property hotspots for rental income

Picton Property Income CEO Michael Morris reveals how he is planning to ride the ‘ripple effect’ as UK economic growth spills out from the capital across the country.

Brewin's Foster talks financial crisis MkII with Allianz's Riddell

Brewin's Foster talks financial crisis MkII with Allianz's Riddell

This week Brewin Dolphin's head of research talks to Mike Riddell, fund manager at Allianz Global Investors, about the forces driving bonds markets in a tumultuous week for markets.

Your Business: Cover Star Club

Profile: 'what we are doing at Mosaic is Darwinian'

Profile: 'what we are doing at Mosaic is Darwinian'

The changes in financial services over the last few years may leave some destitute warns Marco Sambucci of Mosaic Money Management

Wealth Manager on Twitter