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...
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