Investors should refrain from selling out of the £1.1bn Man GLG Japan Core Alpha fund for now, according to Hargreaves Lansdown's Dominic Rowles, following the news that its managers Stephen Harker and Neil Edwards will retire next year.
Rowles, an investment analyst at HL, said that while the fund had struggled in recent years, Hargreaves was happy with the managers' long-standing investment style and it would retain the fund on its Wealth Shortlist. However, he noted that the retirement of two experienced members of the team has "dented our conviction". The current senior portfolio manager Jeff Atherton is set to take over as lead manager, supported by co-manager Adrian Edwards and assistant managers Stephen Harget and Emily Badger. "We have spoken to Atherton a number of times since he joined the team and have a...
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