Ninety One's Stopford and Borbora-Sheen to take on £1.1bn Cautious Managed fund

Managed by Alastair Mundy before leave of absence last month

Ninety One's multi-asset team will assume responsibility for the firm’s £1.1bn Cautious Managed fund, following manager Alastair Mundy’s leave of absence last month.

The fund, which has temporarily been managed by members of Ninety One's value team Alessandro Dicorrado and Steve Woolley since Mundy's departure, will now be headed up by John Stopford and Jason Borbora-Sheen, who have been named managers of the firm's £1.3bn multi-asset Diversified Income portfolio since 2012 and 2019 respectively and closely worked on the strategy since Borbora-Sheen joined the firm in 2015. Ninety One Cautious Managed, which resides in the IA Mixed Investment 20%-60% Shares sector, will retain its current equity weighting of approximately 58% and its broad exposure t...