New recruit Dixon takes over GLG UK income fund

GLG has handed its flagship UK equity income fund to ex-Matterley manager Henry Dixon after poaching him at the end of last year.

Dixon joined the group last September to run a mirror of his successful £80m Undervalued Assets fund. Dixon (pictured) has now been put in charge of the £65m GLG UK Income retail fund.  The fund was formerly run by John White, who announced his retirement from managing money last year. The portfolio was then briefly in the hands of Nick Judge and Charlie Long, who were given a number of White’s mandates to manage. Launched in 1999, the fund aims to achieve a level of income above the FTSE All Share index, together with some capital growth by investing primarily in UK equities. ...