Premier Asset Management has appointed hedge fund specialist Chris Wright who will be responsible for the Premier Dividend fund.
Wright will take over from Paul Branigan on 1 September.
Branigan has recently won another absolute growth mandate and will also focus on his expanding role as chief investment officer.
Previously at Thames River Capital, Wright was responsible for pan European stock picking and use of derivatives. He has also worked on the sell side at Collins Stewart, ABN Ambro and BZW as well as managing the UK equity portfolio of the BA pension fund.
Simon Weldon, managing director of sales and marketing at Premier, says: “Chris has already indicated that he has some innovative ideas on the development of the Premier Dividend fund going forward.
“We will be taking a closer look at his suggestions and dovetailing these according to demand from the UK adviser market.”
The Dividend fund aims to provide high and rising income from UK equities against the FTSE All Share index, according to Premier. It is driven from the bottom-up, adopting a multi-cap approach, using a combination of growth and income stocks.
Approximately 15% of the fund is allocated to oil, gas and fuels and around 8% each to commercial banks and pharmaceutical sectors.IFAonline
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