LeggMason picks up Murray IT

By Ruth Alexander The management of Murray Enterprise is to continue under John Johnston following the board's decision to switch its management contract to LeggMason Investors from Murray Johnstone. Under Johnston, who joined LeggMason on 1 November, the investment trust was the top performer in its sector over the year to 8 November 2000. It beat 32 other trusts to the top position in the UK Smaller Companies sector, returning 168.7%, on a mid to mid share price basis, which compares to the sector average return of 40.8%. Over a period of three years to 8 November 2000, the trust retur...