Majedie to launch global equity fund duo for new hires

Majedie Asset Management is ready to launch two new funds - Global Equity and Global focus - for a recently hired team as it expand into global equities.

The group is best known for its UK Equity and UK Focus funds, but last year announced its first foray into long-only global equities, following the appointment of Adrian Brass from Fidelity and Tom Record from Baillie Gifford. The two new funds are set to launch on 30 June. The Global Equity fund will hold between 70 and 120 stocks, while Global Focus will be a more concentrated, higher risk version, containing 30-60 holdings. The funds will be managed by a four-strong team, as the two new hires are joined by Tom Morris, co-manager of Majedie's Tortoise fund, and Yuri Khodjamirian, no...