Edinburgh Fund Managers (EFM) has appointed Chris Hegarty as a UK equities large-cap manager. Hegart...
Edinburgh Fund Managers (EFM) has appointed Chris Hegarty as a UK equities large-cap manager. Hegarty joins from Scottish Widows, where he was a portfolio manager within the retail team. He was also responsible for UK technology analysis and latterly managed both the Scottish Widows Environmental and Abbey Ethical funds.
At EFM, Hegarty will be working on the income products run by the group and will be involved with the UK Exempt fund. He will also work as an analyst covering the insurance, real estate, aerospace and distributors sectors.
Hegarty's recruitment follows the previous appointments of Robert Waugh as head of large UK equities and David Binnie, who was appointed as deputy head of large-cap equities. Waugh said: 'Hegarty will be looking at driving forward our views on Socially Responsible Investing (SRI). He has a lot of experience in this and we hope we can use this to get a leading edge in the area.'
Waugh said that while Hegarty does not bring a said investment style to the company, what he does bring is a balance in the personality of the team. Waugh said the key areas of focus for him at present are in retail and specialist UK mandates. He said there are no plans for any UK retail launches as EFM has a full portfolio of funds. The key thing, he said, is to get more interest in the funds it is currently running.
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