Welcome to our new website! Let us know what you think..

Register to get unlimited access to all of Citywire’s Fund Manager database. Registration is free and only takes a minute.

Richard Woolnough's £17.5m deal outstrips Pru chief's

Richard Woolnough's £17.5m deal outstrips Pru chief's

M&G bond fund manager Richard Woolnough was the mystery recipient of a £17.5 million pay reward, according to Sky News.

The deal was buried in M&G-owner Prudential's annual report, published early this week, which revealed Prudential chief Tidjane Thiam took home £8.7 million in 2013.   

Woolnough (pictured), who is + rated by Citywire, runs a range of funds for the firm that includes the £16 billion M&G Optimal Income fund.

This fund has significantly outperformed its benchmark over the last three years, returning 7.74% versus 0.89% by the benchmark in what was a tough year for bond funds.

Over three years the fund has returned 30.9% versus at 22.7% rise by the benchmark.

M&G declined to comment.   

Leave a comment

Related Fund Managers

Richard Woolnough
Richard Woolnough
13/47 in Bonds - Sterling Strategic Bond (Performance over 3 years) Average Total Return: 29.77%
Your Business: Cover Star Club

Profile: Quilter Cheviot boss Baines sees more consolidation ahead

Profile: Quilter Cheviot boss Baines sees more consolidation ahead

Nineteen months on from the merger of Quilter Cheviot chief executive Martin Baines says the deal is now paying dividends.

Wealth Manager on Twitter