Batty rejects global role and leaves Newton

Newton Japanese fund manager Martin Batty is to leave the firm and has already handed over the running of his on and offshore portfolios to other managers within the group. Newton's investment leader of Japanese equities, Miki Sugimoto, has taken over management of the Japanese Oeic, which she will run alongside the offshore MGF Japan fund. Batty's other portfolios, including the £19.7m Intrepid Oeic in the active managed sector, will be allocated to other fund managers within the team. In the 12 months to 22 July, Intrepid has returned -27.4% against a sector average of -22.4%. Newto...