View more on these topics

Brian Gallagher leaves UBS

Brian Gallagher
Brian Gallagher

Brian Gallagher, the manager of the UBS UK equity income fund has left the group to pursue other opportunities.

The £22m portfolio, which was one of the first UK equity income funds to adopt the use of covered call options, is now co-managed by Edward Peter-Hoblyn, who runs the UBS UK opportunities fund and Richard Lloyd, a former manager of the Schroder Income Maximiser fund range.

Lloyd, who joined UBS in November last year from Insight Investment Management where he was head of structured solutions, will be responsible for the fund’s covered call selections, with Peter-Hoblyn in charge of the traditional portfolio.

Peter-Hoblyn joined UBS from Mirabaud Investment Management and took over the UBS UK opportunities fund in November last year.

Gallagher joined UBS from Gartmore in 2007 with the fund launching in March of the same year.

According to Morningstar, over three years to September 30, 2011, the fund was ranked 78th out of 82 funds in the IMA UK Equity Income sector. Over this period it returned 7 per cent, versus the sector average gain of 19.3 per cent.

Newsletter

News and expert analysis straight to your inbox

Sign up

Comments

    Leave a comment

    Close

    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 advice.

    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

    Email: customerservices@moneymarketing.com