Chris Godding has resigned as fund manager of the SG Asset Management (SGAM) Global Technology fund,...
Chris Godding has resigned as fund manager of the SG Asset Management (SGAM) Global Technology fund, which he managed in conjunction with Alan Torry since the company's inception two years ago.
Godding departed SGAM this week to manage a hedge fund at Moore Capital Management.
Mikkel Bates, head of retail at SGAM, said the company is putting out feelers for a replacement for Godding. He said: "We will be recruiting a new fund manager and in the mean time we will be utilising the resources of the rest of the team. Losing a fund manager is always a blow, but there is no reason why this should affect performance in any way." Godding's departure marks the first fund manager to leave SG since the company was set up by Nicola Horlick in 1998.
The frA rated £275m technology fund is the flagship fund of the SGAM range and is ranked seventh of 36 funds offer to bid over one year and 15th of 40 fund bid to bid over three months to 10 May, 2000.