M&G appoints Horvat as Global Basics lead manager

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M&G Investments has appointed director of global equities Jamie Horvat as lead manager on the Global Basics Fund to work alongside existing manager Randeep Somel.

M&G has appointed the new lead manager in a move to broaden the investment themes in the fund. M&G says the underlying philosophy and investment objectives of the fund will not change. Horvat will become lead manager from 18 December.

Examples of such themes include the ageing population, the role of cyber-security and the clean energy industry in both developed and emerging economies.

Graham Mason, head of investment for equities, multi-asset and retail fixed interest at M&G Investments, says: “Jamie’s broad investment experience will be a perfect complement to Randeep’s skill set and in-depth knowledge of the M&G Global Basics Fund, putting the team in an excellent position to identify structural investment themes, which offer the best prospects of good returns.”

Horvat joined M&G in 2013, coming from Sprott Asset Management. At the same time Graham French retired from M&G and handed management of the Global Basics Fund to Somel.