Specialist asset manager Livingbridge has hired Graeme Bencke from PineBridge Investments to work as a portfolio manager on its equity funds.
Bencke was formerly a portfolio manager at PineBridge Investments, which he joined in 2005, where he ran various equity strategies including the $301m Global Focus Equity fund.
He also spent eight years at F&C Asset Management where he ran the firm's European small-cap equity fund.
At Livingbridge, he will work alongside Ken Wotton and Brendan Gulston, co-managers of the LF Livingbridge UK Micro Cap fund and the LF Livingbridge UK Multi Cap Income fund, which was launched last year.
The £170m UK Micro Cap fund has returned 58% over three years to 4 September, according to FE, versus returns of 48% by the IA UK Smaller Companies sector.
Wotton said: "We are pleased to welcome Graeme to the Livingbridge team. He is an experienced manager who has built up a tremendous track record over many years.
"Graeme has proven to have the qualities necessary to unearth attractive opportunities from the specialist small-cap space and will be a great addition to our team."
Bencke added: "Livingbridge has proven itself to be a leader in UK smaller company investing and it is great to join such a highly-regarded team. The team's focus on deep fundamental research is aligned with my philosophy on investing and I look forward to working alongside Ken and Brendan on the Livingbridge strategies."
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