View more on these topics

Standard Life Investments’ Ed Legget departs

Standard-Life-Building-700x450.jpg

Standard Life Investments UK equity manager Ed Legget, who manages the £1.3bn UK Equity Unconstrained fund, is leaving the firm.

Legget is quitting the firm to “pursue other opportunities”, SLI says. He has managed the fund since 2008.

Wes McCoy, investment director in the UK equities team, will assume management of the fund with immediate effect.

The UK Equity Unconstrained fund has outperformed the UK All Companies benchmark over all recent time periods, returning 157.34 per cent over five years compared to 78.30 per cent for the benchmark, according to FE.

Over one year it delivered 11.80 per cent, compared to 10.32 per cent for the UK All Companies.

A spokesperson from SLI says: “Ed was part of our highly successful UK equities team and we would like to wish him well and thank him for his positive contribution to the UK equities team, and the business, over the past 13 years.

“There will be no change to the management style, philosophy or process. Continuity of investment performance and commitment to relationship management remain our key priorities. Wes will be supported by the UK equities team which comprises 15 investment professionals.”

Recommended

Steve-Webb-listens-in-2014-700.jpg
4

Webb calls for protection for older retirees on cash for annuities

Former pensions minister Steve Webb says the Government should consider introducing extra protection for older retirees accessing the secondary annuity market and the wider pension freedoms reforms. Since the Treasury launched its consultation on the secondary annuity market in March, concerns have been raised that older people could struggle to understand what represents a ‘good […]

Business-People-Silhouette-Leaving-Walking-700x450.jpg

Magnus Wheatley appointed MD in Charles Stanley shake-up

Charles Stanley Direct has shaken-up its management team, appointing Magnus Wheatley as managing director of the business. Mike Lilwall will stay as head of proposition for the Charles Stanley Direct business, as well as director of Charles Stanley Group. Wheatley was previously head of digital marketing and communications at Charles Stanley Group, and Joanne Vowles will take […]

Newsletter

News and expert analysis straight to your inbox

Sign up

Leave a comment