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.

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.
Citywire TV
Play JPM’s Negyal: Back divis to temper EM volatility

JPM’s Negyal: Back divis to temper EM volatility

Omar Negyal, co-manager of the JPMorgan Global Emerging Markets Income trust, says a dividend approach to emerging markets reduces the volatility of investing in the asset class.

Play WMR: Why Russia will lose this war

WMR: Why Russia will lose this war

Author and journalist Adam Lebor believes a perfect storm is brewing when it comes to the Russian economy. .

Play WMR: Gerard Lyons warns Asia is the real risk, not Russia & Ukraine

WMR: Gerard Lyons warns Asia is the real risk, not Russia & Ukraine

Chief economic adviser to London mayor Boris Johnson outlines the geo-political risks in Asia and explains why the risk of another eurozone crisis must not be underestimated.

Your Business: Cover Star Club

Profile: 'new normal' now is as dangerous as when it was applied to tech

Profile: 'new normal' now is as dangerous as when it was applied to tech

7IM's CIO Chris Darbyshire says he has been re-energised by his new role, but has little time for 'new normal' doom-mongers

Wealth Manager on Twitter