LeggMason wins top Murray team

Murray Johnstone has lost its small cap team of three fund managers, including its star fund manager John Johnston, to LeggMason Investors, writes Jenne Mannion. Johnston, head of Glasgow-based Murray Johnstone's UK small cap team, is joined by team members Andy Gray and Billy Preston. LeggMason is setting up a Glasgow office where it will base the team. The move is a blow for Murray Johnstone, which is up for sale for around £100m, as Johnston was considered one of its key assets. Murray Johnstone is owned by United Asset Management in the US, which is being bought by Old Mutual. At Murr...