Walls leaves Unicorn as fund is outsourced to Progressive

Peter Walls has left his post at Unicorn, with management of his Mastertrust fund moving to James Car...

Peter Walls has left his post at Unicorn, with management of his Mastertrust fund moving to James Carthew at Progressive Asset Management. Walls’ final day with the firm was at the end of March after serving as managing director and manager of the fund of investment trusts for seven years. The vehicle has passed to Progressive as it was uneconomic for Unicorn to run a fund of £11m in-house. Carthew said: “I have wanted to run an open-ended fund of investment trusts for a while and as this has a global remit, it makes it more interesting for me. We have made some changes but no major on...