Old Mutual's Les Jones is to retire as manager of the Japanese Select fund in April next year, while the firm has also handed Asian Select fund to Philip Hunter on a permanent basis.
Jones has managed Japanese Select since October 1992, specialising in Japan for the last 30 years. From April, management of the fund will pass to Old Mutual's quantitative strategies team, which currently runs over £120m in Japanese equities. The investment objective will not change but, rather than using a discretionary stock picking approach, the team will objectively and systematically cover the broad stock market to build portfolios optimised for return and risk. Hunter has been interim manager of Asian Select fund since the departure of Suresh Sadasivan in September. He will app...
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