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.

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.
Citywire TV
Brewin's Gutteridge: Yuan direction

Brewin's Gutteridge: Yuan direction

This week Brewin Dolphin's research head chats to Fidelity Asian Investment Directors Jenny Lee and Gary Monaghan about the big changes in China.

Play On the Road Challenge: horsing around on the polo pitch

On the Road Challenge: horsing around on the polo pitch

Libby Ashby takes to the polo pitch with Stuart Leigh-Davies from Redmayne-Bentley for an 'On the Road' challenge.

Brewin's Gutteridge: where Miton's Godber sees value

Brewin's Gutteridge: where Miton's Godber sees value

This week Brewin Dolphin's research head talks to George Godber, co-lead fund manager of the Miton UK Value Opportunities fund, about value investing.

Your Business: Cover Star Club

Profile: what tempted Brewin's Glasgow team over to Rathbones?

Profile: what tempted Brewin's Glasgow team over to Rathbones?

Rathbones’ Glasgow office has only been open for three months but the team, led by Angus Kerr, has already attracted new clients

Wealth Manager on Twitter