View the article online at http://citywire.co.uk/wealth-manager/article/a658662
Newton’s Stewart gets co-manager on £3bn fund; Russon exits
by Emma Dunkley on Feb 13, 2013 at 14:23
Brown, who joined the firm in 2000, has managed institutional money in this strategy. The move will provide some leeway for Stewart (pictured), who also manages the Citywire Selection flagship £7 billion Newton Real Return fund, as well as the £500 million Global Balanced fund.
Jamie Brookes, international head of marketing and corporate affairs at BNY Mellon, said: 'The assets under management in Real Return have grown significantly since the strategy was launched in 2004 and this move is designed to create greater focus within the multi-asset investment team across both relative and absolute strategies.
'Newton has a strong team based approach to investment. These changes will have no impact on clients. The funds will still be governed by the same thematic philosophy and investment process.'
On the UK Smaller Companies fund, Stephany has returned 59.4% over three years to 12 February, versus the benchmark’s 58.4%.
News sponsored by:
As the UK coalition government strives to rebalance the national economy, so called 'reshoring' looks set to play an increasingly important role in economic recovery.
Today's top headlines
With talk on interest rates on the horizon, our latest roundtable debate covers income investing against a changing backdrop
More about this:
Look up the funds
- Newton Balanced Bridge GBP Inc
- Newton UK Opportunities Exempt 2 Net GBP Acc
- Newton Real Return GBP Inc
- Newton Global Balanced P GBP Inc
- Newton UK Smaller Companies Exempt Units Net Acc
Look up the fund managers
More from us
On the road
by Libby Ashby on Jul 25, 2014 at 11:16