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.

Stephen Message leaves Old Mutual Global Investors

Stephen Message leaves Old Mutual Global Investors

Old Mutual Global Investors' Stephen Message is leaving the company and will be replaced by Ed Meier, who will take over as manager of the Old Mutual UK Equity Income fund

Message (pictured) joined Old Mutual in 2008 as a senior analyst in the group's large cap team. A year later he replaced Michael Gifford on the firm's equity income and extra income funds. 

Meier, who has worked at OMGI since 2013 as a research analyst and portfolio manager, will take his place and report into Simon Murphy, head of large cap UK equities. 

Meier will continue to be a member of the UK Alpha team in addition to managing the fund. 

The investment objective and policy of the fund will not change, investing in around 50-60 stocks and aiming to deliver growing income with capital appreciation. 

Richard Buxton, head of UK equities and CEO, said: 'We recognise the important role that UK equity income funds can play in many investors’ portfolios and are committed to building a leading capability in this area. 

'We believe investors in the Old Mutual UK Equity Income fund will benefit from Ed’s proven stock-picking and portfolio management skills, as well as the portfolio construction abilities of OMGI’s highly experienced UK equities team. We believe that under Ed’s management there is a significant opportunity for us to attract further investment to the fund, which is in a sector dominated by a small number of asset managers.'

The UK Equity Income fund has returned 2.3% and 15.4% over one and three years compared to a sector average of 4.1% and 16.8% respectively. 

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 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