The fund manager departures at SG Asset Management continue, with head of UK Small Cap Jane Simmons'...
The fund manager departures at SG Asset Management continue, with head of UK Small Cap Jane Simmons' decision to leave the group.
Simmons has been at SG since the foundation of the asset management business four years ago. She has decided to retire from fund management altogether in order to spend more time with her family. Simmons was previously lead manager on the institutional SG UK Smaller Companies fund but also ran other smaller companies mandates.
Investment Week has discovered that Simmons left the company at the same time as Peter Seabrook, although there is no suggestion the departure of the two was in any way linked.
Simmons is the fourth fund manager to leave the company in six months. UK fund manager Mary Haly left to join Barings in October, while Seabrook, manager of the flagship £88.8m UK Growth fund, is taking a career break, although there is no indication as to if or when he will return.
The most recent loss was head of European equities Dino Fuschillo, who is taking up a European equity position with Edinburgh-based boutique Martin Currie.
SG has recruited Malcolm Murray from Phillips & Drew to strengthen its UK team, along with Catherine Rudd, who joins from PriceWaterhouse Cooper. Prior to this, she ran UK money at Deutsche Asset Management.
Two global vehicles
'Further plug advice gap'
Must appoint separate CEOs and boards
Advisers do come out well
Will report to Mark Till