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.

Walter Scott hires former Alliance Trust European equity head

Walter Scott hires former Alliance Trust European equity head

Fiona MacRae has joined Walter Scott and Partners, having left her role as head of European equities at Alliance Trust last year.

She has been appointed as an investment manager at Walter Scott, although a fund launch for her is not expected imminently.

MacRae departed Alliance Trust late in 2013 after the June closure of her £60 million European Equity fund following a strategic review of the group’s product range.

The European Equity fund launched in 2009, and had returned 20.4% in the three years to its liquidation compared with 13% from the MSCI Europe ex UK index. Citywire data reveal that MacRae’s personal information ratio for the period was also 0.48, top quartile versus the peer group average of 0.25.

At the time, Alliance Trust stated that it expected MacRae to remain with the business.

Before moving to Alliance Trust in 2008, MacRae spent two years as a pan-European equity investment manager at Kempen Capital Management. Prior to that she worked at Scottish Widows Investment Partnership, Dunedin Fund Managers, and Scottish Amicable where she started her career in 1987.

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

Citywire TV
Citywire TV
Citywire TV
Play Sam Vecht: the best opportunities in frontier markets

Sam Vecht: the best opportunities in frontier markets

Blackrock's Vecht evaluates frontier markets and explains where he sees the opportunities

Play Where A-rated Pattullo is finding the best bond opportunities

Where A-rated Pattullo is finding the best bond opportunities

Henderson Global Investors head of retail fixed income explains how he is managing his fund against the surprise current monetary policy divergence.

1 Comment Play Taxicab Tenner: Allianz Global Investors' AA-rated Simon Gergel

Taxicab Tenner: Allianz Global Investors' AA-rated Simon Gergel

Our much anticpated new series is here! We hand a black cab driver a tenner and grill the manager of the 125-year Merchants trust until the meter runs out.    

Your Business: Cover Star Club

Profile: meet the duo at the heart of Hargreave Hale's succession plan

Profile: meet the duo at the heart of Hargreave Hale's succession plan

For the first time in the company's history a non-Hargreave is now at the head of the north west broker and asset manager

Wealth Manager on Twitter