Ashton Bradbury has stepped down from his role as head of UK equities at Old Mutual Asset Managers (...
Ashton Bradbury has stepped down from his role as head of UK equities at Old Mutual Asset Managers (OMAM) and the team has been reorganised.
Bradbury will head up the group's UK smaller and mid- cap companies capacity, while Richard Moore and Leonard Klahr will be lead managers on large-cap and equity income respectively.
OMAM's chief investment officer, Peter Baxter, said the reconstruction of the team reflects the rapid growth in assets under management since the group's relaunch as an investment boutique in September 2000, when a number of former Hill Samuel fund managers, including Bradbury, arrived at the group.
Since then, it has launched a number of funds including Bradbury's UK Select Growth, which has grown to around £140m in size.
The UK Select Mid Cap fund Bradbury manages with Moore is now £44m in size, while Moore's recently launched UK Select Large Cap fund holds more than £11m in assets and his UK Growth fund contains around £26m.
The three, who are all lead managers on mainstream retail funds, will continue to report to Baxter.
Baxter said 'The growth in assets managed by the UK team, particularly the success of the Select range of small, mid and large-cap funds, would have placed increasing demands on Bradbury as a desk head as well as a fund manager.
'We have decided to restructure the UK team to minimise his man management workload and allow him to focus exclusively on small and mid-cap portfolio management.'