Chris Murphy reinvigorates NU UK Equity portfolio

Ex-Framlington manager has introduced a more active approach since taking over and cut quasi-index part of vehicle to generate stronger performance

Chris Murphy joined Morley from Framlington in 2006 to run the £219m Norwich Union UK Equity fund, formerly managed by Lloyd Whitworth. Murphy radically restructured the fund, turning over almost half the portfolio. The fund has beaten its UK All Companies peers over one and three years, although it has booked a loss over three months and one year to 7 April, according to Morningstar. Murphy also became manager on the £212m NU UK Growth fund at the end of 2007. What changes have you made to the UK Equity fund? In the first two months, I sold 40% of the holdings, cutting out the ...