Witan appoints new managers for active approach

Artemis Investment Management and Marathon Asset Management will both run £75m UK mandates while Varenne Capital Managers, based in Paris, will manage a £30m European mandate alongside existing manager Wellington. The appointments come after the trust’s recent strategic review when the Board recognised there was scope within its risk budget to add alpha to the trust’s portfolio through the appointment of active UK managers. As a result, the percentage of the trust’s assets managed on an enhanced index basis by Henderson Global Investors will decrease to £195m. This development will no...