Liontrust's Gary West has retired from fund management after 26 years in the industry, Investment Week can reveal.
West's long-term co-manager James Inglis-Jones has now become sole head of the Liontrust Cashflow Solution team, supported by manager Samantha Gleave, who joined the group last year.
West and Inglis-Jones (pictured) joined Liontrust in 2006 to develop and run their investment process, which encompasses the group's European Growth, Income and European Absolute Return retail portfolios.
"Gary and I spoke 18 months ago about his desire to retire within the next three years," said Liontrust CEO John Ions.
"We appointed Samantha as part of the succession plan and the speed at which she has integrated into the team and the company has enabled us to bring forward Gary's retirement.
"The successful transition of the Income Fund to a global mandate has also made it an opportune time for Gary to retire.
"Liontrust wishes to thank Gary for his contribution to Liontrust over the past seven years, particularly the growth of the business over the past three years."
Though the European long/short vehicle has struggled, West and Inglis-Jones' flagship long-only mandates have delivered top quartile returns under their stewardship.
European Growth has returned 56.3% since the pair launched the fund in 2006, according to figures from the group, compared with an IMA Europe ex-UK sector average of 33.5%.
The pair have also returned 121.9% on the £295m Income fund since taking over the portfolio in March 2009, compared with an average return of 104.9% for the IMA UK Equity Income sector.
The Income fund was converted into a global equity income mandate earlier this summer.
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