JOHCM has promoted James Lowen to co-manager on Clive Beagles' UK Equity Income portfolio. Lowen t...
JOHCM has promoted James Lowen to co-manager on Clive Beagles’ UK Equity Income portfolio. Lowen took over the fund last September when Beagles took a six-month sabbatical, returning in April. During turbulent market conditions, he restructured 30% of the portfolio, reducing financial and consumer cyclical exposure and increasing weightings in telecom and healthcare stocks. Since Beagles returned, he has added to financial positions. “We moved to a neutral position in Royal Bank of Scotland post the completion of its rights issue,” added Beagles. “This bank is now recapitalised, h...
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