Somerset hires Liontrust's Williams to take over Edward Lam's fund

Will take over Liontrust Asia Income fund this year

Somerset Capital Management has hired Liontrust’s Mark Williams to take over Edward Lam’s Somerset Emerging Markets Dividend Growth fund.

Williams, who was head of Asia Pacific equities at Liontrust and headed up the Liontrust Asia Income fund, will take over the £486m Somerset Emerging Markets Dividend Growth fund on 2 November. Kumar Pandit, who is a partner and head of Latin America at Somerset, will co-manage the fund. The vehicle's core process and philosophy will remain unchanged, according to the firm As part of Williams' appointment, Somerset will take over management of his £82m Liontrust Asia Income fund later this year, subject to approval. Edward Lam to leave Somerset Capital to 'pursue other opportunities' ...