Twitter icon Email alerts icon Latest News RSS icon Magazine icon Stay connected:

View the article online at http://citywire.co.uk/wealth-manager/article/a755516

Unicorn's John McClure passes away

by Dylan Lobo on Jun 09, 2014 at 08:44

Unicorn's John McClure passes away

Unicorn Asset Management's Citywire A-rated John McClure has passed away.

A statement from the board of Acorn Income Fund to the stockmarket read: 'The board of Acorn Income Fund Limited has been notified by Unicorn Asset Management Limited that John McClure, one of three co-managers on the company's smaller companies portfolio, has sadly passed away.

'Unicorn operates a team based investment approach and Simon Moon and Fraser Mackersie, the other co-managers of the Company's smaller companies portfolio who have worked with John since 2008, maintain responsibility for the portfolio.'

'The board sends its condolences to John's family.'

McClure specialised in UK smaller companies for more than 20 years. He joined Unicorn in the summer of 2000 after spells at Granville, Guinness Flight Global Asset Management, United Friendly Assurance and Hermes Asset Management.

He managed a number of funds for Unicorn, including the Free Spirit Outstanding British Companies and UK Smaller Companies fund.

However, it was the Unicorn UK Income fund where he really made a name for himself, returning 64.75% in the three years to the end of April, the second best performance out the 99 fund managers with a three-year track record in the UK equity income sector. Over five years he sat at the top of the peer group with a return of 256%.

Investors have flocked to the fund on the back of this stunning performance, with assets under management rising from around £400 million at the end of November to stand at around £715 million.  

'John was an intelligent investor, a committed and dedicated member of our team and a very good friend. We will all miss him dearly and our thoughts are with his family at this sad time,' Unicorn chairman Colin Howell said in a statement.

 

 

leave a comment

Please sign in here or register here to comment. It is free to register and only takes a minute or two.

News sponsored by:

Sponsored Video: Bringing it all back home


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

Investing for income in a changing environment


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

  • Unicorn Free Spirit A Income
    Register or Sign in to receive email alerts for items in your favourites whenever we write about them
  • Unicorn Outstanding British Companies A Ret Acc
    Register or Sign in to receive email alerts for items in your favourites whenever we write about them
  • Unicorn UK Smaller Companies B Inc
    Register or Sign in to receive email alerts for items in your favourites whenever we write about them
  • Unicorn UK Income A Inc
    Register or Sign in to receive email alerts for items in your favourites whenever we write about them

Look up the fund managers

  • John McClure
    Register or Sign in to receive email alerts for items in your favourites whenever we write about them
  • Simon Moon
    Register or Sign in to receive email alerts for items in your favourites whenever we write about them
  • Fraser Mackersie
    Register or Sign in to receive email alerts for items in your favourites whenever we write about them

Archive

On the road

Click here to find out more from the Audience Development team.

Sorry, this link is not
quite ready yet