Horlick drops CIO role

Nicola Horlick has stepped down as joint chief investment officer of SG Asset Management. The move comes in the week Alan Torry, head of US equities and technology at SGAM, said he is becoming more optimistic about the prospects of the global technology sector. With Horlick stepping down as joint CIO to focus on her role as chief executive officer, John Richards has taken over sole responsibility as CIO at SGAM. Horlick will continue running around £2bn in institutional mandates and the UK Income unit trust, on which she is number two to Adrian Gosden. SGAM UK Income fund has struggl...