Elaine Heaton-Armstrong, head of US equities at Scottish Equitable Asset Management (SEAM), is to ma...
Elaine Heaton-Armstrong, head of US equities at Scottish Equitable Asset Management (SEAM), is to manage the group's technology Oeic on an interim basis in the wake of the departure of Paul Kleiser and Stuart O'Gorman to Hendersons, writes Leo Bland.
Heaton-Armstrong will be assisted by US fund manager Andrew Dove who has been involved in stockpicking in mid- and small-cap US technology stocks at the group.
SEAM is looking for a permanent replacement before the year end. It is seeking an external recruit or for someone already in parent company Aegon.
At Hendersons, O'Gorman is to be based in London and is to join the group later this month, while Kleiser will be based in both London and Edinburgh and will join early next year.
The pair will be responsible for the Global Technology Oeic and the offshore Horizon fund. O'Gorman's main specialism is in mid and small caps, which is the main focus of Horizon, while Kleiser's focus is more on large caps, which have a higher weighting in the onshore fund.
Heaton-Armstrong was made head of US equities after Neil Smeaton resigned from the group last month. Smeaton is leaving to manage a hedge fund and SEAM aims to appoint an additional US fund manager.
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