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Liontrust hires replacements for Lang and Pattisson

Liontrust has appointed Gary West, James Inglis-Jones, Anthony Cross and Julian Fosh to assume management of three funds run by Jeremy Lang and William Pattisson, who will leave the firm on April 15.

West and Inglis-Jones are to manage Liontrust’s first income and first large cap funds and Cross and Fosh are to manage the first growth fund from March 25.

The quartet were originaly recruited to the firm by Lang and Pattisson who both endorse the new appointments.

For the Liontrust first income fund, West and Inglis-Jones will use the cashflow solution – UK income dynamic investment process, applying it to select stocks from the three baskets already used by the fund.

The objectives of the first income fund will remain the same, which aim to produce a total return better than the UK equity market; an income stream that grows faster than inflation an a yield higher than UK index-linked gilts.

Cross and Mr Fosh, who manage the Liontrust intellectual capital trust and the first opportunities fund, will use the economic advantage investment process to manage the first growth fund.

The four managers will also assume management of two Guernsey-based funds run by Jeremy Lang. West and Inglis-Jones are to manage the dynamic income fund and Cross and Fosh are to manage the first equity fund from March 25. Objectives of both funds will remain the same.

Edward Catton and Ben Fitchew will continue in their roles as members of the investment division, the latter of whom played a key role in stock screening for Lang and Pattisson.

Liontrust chief executive Nigel Legge says: “We are delighted that Anthony, Julian, Gary and James are taking over the management of the three funds.

“They have consistently delivered exceptional performance both at Liontrust and earlier in their careers. They are to implement documented and robust investment processes that are an evolution of those currently used by Jeremy and William to provide continuity for existing unit holders.”


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