Edinburgh Fund Managers has added to its UK smaller companies team with the appointment of Johnny Ru...
Edinburgh Fund Managers has added to its UK smaller companies team with the appointment of Johnny Russell.
His appointment follows the departure of Andy Bamford, who is leaving at the end of this month to join Aberforth, and the retirement of Colin Jackman at the end of last year.
Until now, Russell has worked as an investment manager on the US desk at Edinburgh. His place will be taken by Andrew Herberts, a trainee investment manager who previously worked on the European desk.
Russell will report to Alistair Currie, the head of the UK smaller companies team at Edinburgh. His role will be to take responsibility for the UK small cap element of the Edinburgh Investment Trust and the Dunedin Income Growth Investment Trust.
The combined UK smaller companies elements of both trusts totals about £130m.
While on the US desk Russell ran the North American equity elements of several global portfolios as well as researching the US technology and capital goods sectors.
The Dunedin Income Growth Investment Trust has returned 14.1% for the 12 months to 13 March compared with the sector average of 23% and, as such, is ranked 26 out of 33 funds in the UK Growth and Income sector. Over three months the trust has fallen -9.4%.
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