Lloyd George Fund Management is looking to launch a European fund following the recruitment of Ruper...
Lloyd George Fund Management is looking to launch a European fund following the recruitment of Rupert Morrell from Johnson Fry, writes James Thorneley.
Morrell will work alongside Ed Robertson who specialises in Eastern Europe and Jacob Rees-Mogg who looks at technology and telecom stocks in Europe. The portfolio is likely to have a technology bias. While at Johnson Fry Morrell ran the group's European Growth unit trust.
Over three years the £9.8m fund is ranked 73 out of 89 in the Micropal Europe ex UK peer group rising by 74.2% compared to an average rise of 101.9%. Last week was Morrell's first at Lloyd George having left Johnson Fry the previous week.
The Johnson Fry European Growth fund is now being run by Richard Neill chief investment officer at the group. Johnson Fry's marketing director Lindsay Firth-McGurkin said the group was in the process of recruiting more fund managers with some requiring specific European expertise. In January Lloyd George launched a Far East ex Japan Oeic which has so far raised £20m. The LG Eastern Opportunities fund is managed by Adaline Ko and has an initial bias towards Hong Kong, China, South Korea and Taiwan.
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