View more on these topics

Gifford quits Old Mutual income

Old Mutual income fund and Old Mutual extra income fund manager Michael Gifford has left the company.

Stephen Message, senior equity investment analyst in Old Mutual’s UK large-cap team, has taken over the two funds which have assets of £37m and £25m respectively.

Message has over three years of British equity investment experience and joined the firm in October 2008, working for Simon Murphy, who heads the team and is manager of the Old Mutual UK select equity fund.

Old Mutual says there will be no change to the investment objective or to the broad investment approach of either fund. An additional senior invest- ment analyst will be recruited to enhance the company’s UK large-cap resource.

Gifford joined Omam in 2006 from F&C Asset Management, where he managed equity income portfolios. He previously worked at Canada Life, initially as a credit analyst and bond portfolio manager, then as an equity manager.

According to Financial Express, over three years to December 1, the equity income fund fell by 12 per cent compared with the IMA UK equ- ity income sector’s 13.1 per cent fall, while extra income fell by 12.5 per cent against the IMA UK equity & bond income sector’s 7.6 per cent fall.


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 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