Investec appoints Mundy to manage Burvill funds

Investec Asset Management has promoted Alastair Mundy to lead manager of its £39.4m Cautious Managed and £29.4m UK Value Income funds, replacing Chris Burvill. Burvill is to join Gartmore as head of UK equity income, an area in which the group needs to improve performance. From 26 November, Mundy will also assume responsibility for the £432.1m Temple Bar Investment Trust, subject to the approval of its board. Burvill will continue to run Temple Bar for the remaining four months of his contract. Investec Fund Managers joint managing director David Aird said there would be no change ...