Witan appoints third global manager

The move follows the £1.5bn trust’s recent strategic review and backs up Witan’s decision to progress towards a more global view. Thomas White’s appointment also supports a shift by the trust from beta to alpha generation in terms of investment strategy with active global managers now running 35% of the trust’s overall portfolio. Chicago-based boutique Thomas White International will manage a new £150m global mandate funded mainly by raising cash from Witan’s enhanced index portfolios. This is a strategic investment decision not a reflection of poor performance, the trust says. Meanwhil...