Three fund managers are leaving Insight Investment as the firm has restructured its equity portfolio management.
Insight says it is “building on earlier successful shaping of Insight’s European and global equity teams” has split its equity fund management teams into smaller operations with greater emphasis on alpha.
As a result, fund management teams are being broken down into main three focuses - passive/enhanced index, long only alpha and long/short.
No changes has been made to the existence of Insight’s funds but three managers are leaving the firm as part of the shift – John Bearman, Des Brennan and Rebecca Chesworth.
More specifically, a spokesperson for Insight says the Insight UK equity fund will now be managed by Stuart Eaton and Eric Moore following the departure of Chesworth and Brennan while other funds to be affected – and subsequently managed by Eaton and Moore – are the Halifax UK growth and Halifax special situations funds.
Under the restructured focus, Paul Chu will continue to head up the passive equity portfolios while Stuart Eaton will lead UK alpha portfolio teams with support from Eric Moore, Andrew Cawker will look after UK long-short, Richard Wiseman will oversee European alpha and long-short while David Marchant will be responsible for heading teams looking at global thematic and long/short equity propositions.
At the same time, analysts teams – under the leadership of Nick Anderson – have also seen the loss of Jonathan Jackson, Peter McLoughlin and Kate Pettem from the research desk following the creation of ‘super sectors’ into resources, financials, industrials, consumer and services.IFAonline
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