US Solar sees departure of senior management amid strategic review

CEO and CIO to exit

Valeria Martinez
clock • 2 min read

The US Solar fund will see the departure of two senior members of its investment management team by the end of the year, as it continues its strategic review process.

On 17 October, the £321m trust announced it would be undertaking a strategic review that could include the sale of its share capital in light of a sustained double-digit discount and "structural challenges" in the US solar sector. As part of the review, US Solar's investment manager New Energy Solar Manager (NESM) told the trust's board that it had implemented incentivisation arrangements with key employees to encourage them to remain in the firm during the strategic review period. Despite this, chief investment officer Adam Haughton will be leaving NESM in December after four years t...

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