Troy eyes mid-autumn Global Income launch for ex-Newton's Harries

Subject to regulatory approval

katrina Baugh
clock • 4 min read

James Harries, former manager of the Newton Global Income fund, said joining Troy Asset Management has been a case of "right house and right strategy" against a "very difficult" global backdrop, with the boutique preparing to launch a fund for him in mid-autumn, subject to regulatory approval.

Harries (pictured) joined the group in early June after leaving Newton at the end of last year, where he ran the £4.5bn Global Income fund as well as a range of BNY Mellon Global Real Return strategies. The manager said he was attracted to Troy by the group's absolute return mindset, with this approach particularly appealing in the current environment as many yield-hungry investors are allocating more than normal to equities but do not want to take on too much risk. It is also aligned with his own investment style, he added. "Over time, the Newton global income strategy very much migr...

To continue reading this article...

Join Investment Week for free

  • Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
  • Get ahead of regulatory and technological changes affecting fund management
  • Important and breaking news stories selected by the editors delivered straight to your inbox each day
  • Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
  • Be the first to hear about our extensive events schedule and awards programmes

Join now

 

Already an Investment Week
member?

Login

Trustpilot