group shakes up team and beefs up resources to electric and general investment trust in bid to compete more effectively as a global player
Richard Carlyle has replaced Richard Smith as lead manager on the £213m Henderson Electric and General investment trust. Smith, who has been lead manager on the trust since 1993, will continue managing the trust's UK portfolio, which comprises around 50% of assets, while Carlyle will take responsibility for global asset allocation. Smith began running the UK portfolio in 1986, a position he maintained after taking over as lead manager. 'Smith is a good UK stockpicker and we wanted to make sure we played to his strengths and put someone else in place whose skills lie in top-down asset ...
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