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.

Simon Brazier and Blake Hutchins quit Threadneedle for Investec

Simon Brazier and Blake Hutchins quit Threadneedle for Investec

Threadneedle Investments UK equity head Simon Brazier and co-manager Blake Hutchins have joined Investec.  

Threadneedle analysts Ben Needham and Anna Farmbrough and product specialist Neil Finlay are also moving to Investec. The five strong team will join Investec at the end of November.   

Citywire A-rated Brazier (pictured) will form part of the Investec Quality capability where he will operate as co-head with Clyde Rossouw, manager of the Investec Global Franchise fund. 

He will run UK equity funds consistent with his current UK alpha strategy and Investec will launch a UK Equity Income fund for Hutchins. 

The funds will complement the well-established range run by Investec’s Value team head, Alastair Mundy, which includes the UK Special Situations fund.

Domenico Ferrini, co-chief Investment officer at Investec, said: ‘We are delighted that such high-calibre investment professionals have decided to join Investec Asset Management.

'This deepens our capability in UK equities and positions us to better meet the requirements of our UK advisor and institutional clients, and respond to the increasing interest from international investors for UK Equity strategies.'  

Investec managing director added: 'Simon has an excellent UK equities track record. Positioning him alongside Alastair Mundy and his complementary value team provides our clients with a compelling choice of UK equity-centric funds that strengthens our market position and relevance.’

The departures have seen Threadneedle global equity head Citywire AA-rated Leigh Harrison drafted back as UK equity head.

Commenting on the exits, Threadneedle chief investment officer Mark Burgess said: 'Threadneedle has one of the largest and best performing UK Equities teams in the industry, and I am confident that under the resumed leadership of Leigh Harrison the team will continue to deliver for our clients.

'We place great emphasis on teamwork and integrated research to ensure that our process is robust. This approach has produced a strong, consistent track record of results for our clients and this will not change. We will continue to invest to build additional resource in the team.'  

Citywire A-rated Chris Kinder becomes lead manager of the Threadneedle UK fund following the departure.

The fund will sit alongside Kinder's Threadneedle UK Extended Alpha fund, which has returned 9% over the last 12 months versus a peer group average of 3.36%.

'Chris is a senior fund manager and a core member of the UK team. He has an excellent track record and we are very confident that he will continue the strong performance of the Threadneedle UK fund,' Burgess said.

Kinder will also assume control of the Threadneedle UK Select Trust on an interim basis.

'The board is discussing successor arrangements with Threadneedle,' the investment company said in a statement.

Brazier has been rated for 33 consecutive months by Citywire. In the three years to 31 July he has returned 38.6% on his UK fund, 3.3% higher than the peer group average.

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

Simon Brazier
Simon Brazier
76/161 in Equity - UK (All Companies) (Performance over 3 years) Average Total Return: 19.00%
Alastair Mundy
Alastair Mundy
151/161 in Equity - UK (All Companies) (Performance over 3 years) Average Total Return: 5.04%
Philip Rodrigs
Philip Rodrigs
35/161 in Equity - UK (All Companies) (Performance over 3 years) Average Total Return: 24.39%
Chris Kinder
Chris Kinder
33/185 in Equity - UK (All Companies) (Performance over 1 year) Average Total Return: 0.90%
Blake Hutchins
Blake Hutchins
5/475 in Equity - Global (Performance over 1 year) Average Total Return: 30.66%
Leigh Harrison
Leigh Harrison
Citywire TV
Play HSBC's Stephen King warns of 'enormous' Brexit deficit danger

HSBC's Stephen King warns of 'enormous' Brexit deficit danger

Brexit will weaken the economy, fail to boost exports and lessen the country's ability to fund its 'enormous' deficit, according to HSBC's senior economic adviser Stephen King.

Play Premier's Smith: electricity and water can be a good mix

Premier's Smith: electricity and water can be a good mix

Exposing your person to electricity and water simultaneously is ill-advised, but what about your portfolio?

Play Citywire 10k: video highlights

Citywire 10k: video highlights

Citywire held its sixth annual charity run last week, which hosted over 200 people and raised £14,000. Here are the video highlights.

Your Business: Cover Star Club

Profile: gearing up for the shift from consolidation to start-ups

Profile: gearing up for the shift from consolidation to start-ups

‘I think the industry is evolving rapidly, but not necessarily as a whole,’ says the head of recently launched Charles Nicholson AM

Wealth Manager on Twitter