View more on these topics

Angus Tulloch to retire from Stewart Investors


Angus Tulloch will be retiring from the industry on 30 September after 29 years with Stewart Investors.

Tulloch will remain involved with the business as a non-executive director of a new global small cap investment trust it plans to launch later this year, the group confirmed in a note to clients.

Hargreaves Lansdown head of research Mark Dampier says he leaves his investors in “very capable hands” having handed over lead management responsibility for his global emerging markets and Asia Pacific funds in the first half of 2016.

The note reassures investors over a succession plan, which Stewart Investors says has been developed “over a number of years”.

Managing partner Stuart Paul says: “Everyone at Stewart Investors will be very sorry that Angus has decided to retire. We will all miss his boundless energy and enthusiasm for the world of investment.”

Tulloch joined Stewart Ivory in 1988 to establish an Asia Pacific (ex Japan) desk, which ultimately became Stewart Investors.

In 1992 that team set up a global emerging markets strategy, and in 1995 launched Scottish Oriental, an investment trust specialising in smaller Asian companies.

Paul adds: “He helped oversee the team’s development over the following decades, providing exceptional long-term returns for investors in the funds he and his team have managed.”

While Tulloch will be sorely missed, investors have faith in Stewart Investors’  succession plans.

FundCalibre managing director Darius McDermott says: “Angus’ retirement has been fairly well signposted with him handing over the lead management of a number of funds over the last few years.

“He has built a strong team at Stewart Investors and, while I am sure he will be missed, the funds are in very good hands.

“Managers like David Gait have done very well since taking on the funds and we are sure they will continue to do so. We wish Angus all the very best for the future.”

Dampier adds: “It’s never good news to see a great fund manager retire but Angus has over the years put a great team together so he leaves investors in highly capable hands.

“Asia and emerging markets were very new frontier type investing when Angus first started, now it would be most unusual not to see these regions in most investors portfolios. His influence and skills are not lost completely as he will be a non-executive of a new investment trust.”


Spotlight on charges 700x450.jpg

SJP adviser hits back at Sunday Times charges criticism

A St James’s Place partner has hit back at press coverage of the firm’s fees. In a letter to clients seen by Money Marketing that accompanied SJP’s winter magazine, a Winchester-based adviser, who is remaining anonymous, says his firm had been “disappointed” about the appearance of articles in outlets including the Sunday Times that criticised […]


Tony Byrne: The FCA must put a stop to hidden charges

There has been much debate over the years around the subject of portfolio turnover rate, which represents the hidden charges levied by funds not disclosed by the ongoing charges figure. When key information documents were introduced in July 2011, the requirement to disclose the PTR was abolished. Many people at the time saw this as […]

Tree - thumbnail

The politics of healthcare

Healthcare is already one of the key battlefields in May’s general election, with each of the main parties committing to deliver improvements to the NHS and public health.


News and expert analysis straight to your inbox

Sign up


    Leave a comment


    Why register with Money Marketing ?

    Providing trusted insight for professional advisers. Since 1985 Money Marketing has helped promote and analyse the financial adviser community in the UK and continues to be the trusted industry brand for independent insight and thought leadership.

    News & analysis delivered directly to your inbox
    Register today to receive our range of news alerts including daily and weekly briefings

    Money Marketing Events
    Be the first to hear about our industry leading conferences, awards, roundtables and more.

    Research and insight
    Take part in and see the results of Money Marketing's flagship investigations into industry trends.

    Have your say
    Only registered users can post comments. As the voice of the adviser community, our content generates robust debate. Sign up today and make your voice heard.

    Register now

    Having problems?

    Contact us on +44 (0)20 7292 3712

    Lines are open Monday to Friday 9:00am -5.00pm