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.

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.
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: Barclays' former advisory boss on his move into property

Profile: Barclays' former advisory boss on his move into property

On paper, Rick Denton might have been expected to finish his career in banking

Wealth Manager on Twitter