Standard Life Investments' (SLI) Wesley McCoy is leaving retail fund management to move to a charitable foundation.
SLI has confirmed McCoy's £220m UK Equity Unconstrained fund will be handed to the firm's UK Equity High Alpha manager Edward Legget in the coming weeks. McCoy joined SLI in 1999 as an investment analyst working on UK larger companies. He will move to the MicroLoans Foundation – a UK-based charity with operations in Malawi. The SLI UK Equity Unconstrained fund is fourth-quartile over one year in the IMA UK All Companies sector, down 12.27%. A SLI spokesperson says it is too early to determine whether there will be any major changes to the portfolio. To comment on this story, contac...
To continue reading this article...
Join Professional Adviser for free
Signup and gain exclusive members-only insights
- Unlimited access to real-time news, industry insights and market intelligence
- Stay ahead of the curve with spotlights on emerging trends and technologies
- Receive breaking news stories straight to your inbox in the daily newsletters
- Make smart business decisions with the latest developments in regulation, investing retirement and protection
- Members-only access to the editor’s weekly Friday commentary
- Be the first to hear about our events and awards programmes
