View the article online at http://citywire.co.uk/wealth-manager/article/a741825
Newton overhaul sees new managers on Oriental & Higher Income funds
by Dylan Lobo on Mar 20, 2014 at 10:22
Caroline Keen, who has been supporting Pidcock (pictured) as co-manager on the fund since 2013 and a member of its Asian equities team since 2009 has been promoted to lead manager. Pidcock will remain as alternate manager.
In other changes resulting from the strategic review, Newton Investment Management has decided to separate the lead managers on the Newton Higher Income and Newton UK Equity funds.
As a consequence, Christopher Metcalfe has been appointed as the new lead manager on the Higher Income fund.
Metcalfe current manages the Global Growth & Income fund for charities and the top performing Newton Managed fund.
Metcalfe replaces Richard Wilmot who will continue to lead on the Newton UK Equity fund. Wilmot will also remain alternate portfolio manager on the Newton UK Opportunities fund, with Paul Stephany continuing as the lead manager on this fund.
Newton said the overhaul is based on the belief the lead portfolio management roles of its active equity and equity income pooled vehicles are most effective if kept distinct.
Simon Pryke, chief investment officer of Newton said: 'The Newton Higher Income Fund is now structured as we envisaged following the change to the yield discipline in 2013 and under Christopher’s new leadership on the fund, we believe that it is positioned to perform well.'
He added: 'Since joining Newton in 2009, Caroline has become an integral member of our Asian Equities team. We are confident that by promoting Caroline to lead manager of the Newton Oriental Fund, our investors will benefit from her portfolio leadership.'
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by Dylan Lobo on Jul 28, 2014 at 15:00