Stay connected:
Citywire printed articles sponsored by:
View the article online at http://citywire.co.uk/wealth-manager/article/a577064
Nichols takes on Newton's Bridge fund
Markets
by Alex Plough on Mar 23, 2012 at 10:33
BNY Mellon has picked Simon Nichols to head up the £314.7 million Newton Bridge fund , replacing Caroline Tye who was recently appointed head of Newton's private client business.
Nichols joined the firm in 2001 from Wilton Investments and has been lead manager of the Newton Cautious Managed fund since October 2009. The fund has returned 56.5% over the last three years compared to the LCI Mixed Asset index's 44.53% rise over the same period.
'Following my appointment as head of our private client business, we want to ensure that we continue to provide a high class service to our clients. As lead manager of the Newton Cautious Managed fund, which invests in both equity and fixed income and cash, [Nichols] is ideally suited to take over my responsibilities on the Newton Bridge fund,' Tye said, commenting on Nichols' appointment.
In a reshuffle earlier this year, former chief investment officer (CIO) Jeff Munroe was appointed to lead the firm’s global equities team.
His replacement, Simon Pryke, who joined Newton in 1996 as a global research analyst, was previously head of private clients and charities.
Helena Morrissey, (pictured) chief executive officer of the firm, said: ‘We believe that our investment process and philosophy position us well given our expectation of an environment characterised by lower returns and higher volatility.'
News sponsored by:
Subscribe to Wealth Manager magazine and rack up CPD points
Citywire Wealth Manager has partnered with CISI to enrich the experience of subscribers to our magazine.
Today's top headlines
More about this:
Look up the funds
Look up the fund managers
Archive
Aberdeen Live supplement: Fundamentals point to ongoing flows and solid returns from EMD
After a record year for inflows and market-leading performance in 2012, emerging market debt has taken a large step towards the mainstream. Our recent debate covers the outlook for the asset class this year and where opportunities can be found.
On the road
Click here to find out more from the Audience Development team.
leave a comment
Please sign in here or register here to comment. It is free to register and only takes a minute or two.