Hexam's Collings paid on performance basis after stake disposal

Hexam Capital Partners' co-founder and lead fund manager Bryan Collings is being paid on a performance-related basis after handing his stake in the business over to his colleagues.

Collings, who stepped down as managing partner of boutique Hexam in June to focus more closely on running the group's fund range, has handed his stake to remaining partners Grant Shotter, Marina Akopian and Stuart Richards. Richards said Collings remains lead manager on the fund range, adding there is no intention to change that arrangement. He added clients are aware of the change, and outflows since they were informed have been 'marginal'. Collings (pictured), lead manager of the Hexam Global Emerging Markets fund, was one of the founding partners of Hexam back in 2006 when it launc...