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.

Newton restructures investment team as Metcalfe retires

Newton restructures investment team as Metcalfe retires

Newton fund manager Christopher Metcalfe is set to retire at the end of the year.

Currently, Metcalfe (pictured) runs the £1.65 billion Newton UK Income, £421 million Newton UK Opportunities and Newton Multi Asset Growth funds.

Simon Nichols, who heads the Newton UK equity fund, will take over the management of the Newton UK Income and Newton UK Opportunities funds, Fergus McCarthy, head of UK and Ireland intermediary distribution at BNY Mellon, told Wealth Manager.

Chris Smith, who is already part of the team, and Emma Mogford, manager of the Newton Continental European fund, will assist Nichols. Mogford will continue to run her European mandate.

McCarthy said: ‘Simon Nichols has worked alongside Christopher for many years. He has been at Newton for 16 years and worked very closely with the UK income and UK opportunity funds.’

The investment strategies and processes underpinning the funds will remain the same despite Metcalfe's departure, McCarthy stated.

Citywire AA-rated Paul Flood will be handed the reins of Metcalfe’s Newton Multi-Asset Growth fund in addition to his own Newton Multi-Asset Diversified Return and Newton Multi-Asset Income funds.

In other changes, Iain Stewart is to come off the Newton Multi-Asset Balanced fund to focus his time on his other strategy, the Newton Real Return fund. The firm has also added Aron Pataki as a co-manager on the fund alongside Stewart and Suzanne Hutchins.

Matthew Brown will continue to manage the £2.4 billion Multi-Asset Balanced fund.

Hanneke Smits, Newton's chief executive, said: 'I would like to thank Christopher for the significant contribution he has made to the business and client portfolios since he joined over 10 years ago. We wish him all the best in his retirement.'

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

Suzanne Hutchins
Suzanne Hutchins
1/1 in Mixed Assets - Absolute Return USD (Performance over 3 years) Average Total Return: 19.26%
Aron Pataki
Aron Pataki
39/48 in Mixed Assets - Absolute Return GBP (Performance over 3 years) Average Total Return: 3.85%
Iain Stewart
Iain Stewart
122/135 in Mixed Assets - Aggressive GBP (Performance over 3 years) Average Total Return: 19.19%
Simon Nichols
Simon Nichols
62/168 in Mixed Assets - Aggressive GBP (Performance over 1 month) Average Total Return: -0.08%
Matthew Brown
Matthew Brown
396/435 in Equity - Global (Performance over 3 years) Average Total Return: 28.07%
Christopher Metcalfe
Christopher Metcalfe
57/88 in Equity - UK Equity Income (Performance over 3 years) Average Total Return: 23.04%
Emma Mogford
Emma Mogford
39/114 in Equity - Europe Excluding UK (Performance over 1 year) Average Total Return: 24.93%
Citywire TV
Play French fund CEOs: 'Brexit is a lose-lose situation for all of us'

French fund CEOs: 'Brexit is a lose-lose situation for all of us'

'We'll all lose out - but London is an international city, Paris is not.' Leading French asset management CEOs tell us what they think Brexit will mean for the investment business.

Play Henderson Eurotrust's Stevenson: dealing with European cynicism

Henderson Eurotrust's Stevenson: dealing with European cynicism

Tim Stevenson talks about where he finds his opportunities in the current environment in Europe

Play Mark Barnett - part 2: why I'm not buying Lloyds

Mark Barnett - part 2: why I'm not buying Lloyds

In the second part of our exclusive video interview, Barnett explains why he has no intention of buying Lloyds, and where he sees the greatest income opportunities.

Read More
Wealth Manager on Twitter