Legg Mason Capital Management's US fund manager Mary Chris Gay has exited the firm, Investment Week, IFAonline's sister title, can reveal.
Gay, who ran the group's LMCM Value fund - modelled on the $4.3bn US-domiciled Value Trust - left the firm last week and has been replaced on the portfolio by colleague Sam Peters. Peters is now named portfolio manager on the LMCM Value fund, the group said in a statement. The fund is a concentrated large cap portfolio which aims to buy what the managers believe are undervalued stocks, mimicking the investment process on the US-domiciled fund. Gay (pictured) has been a fund manager at the firm for 15 years, having started in her current role in 1998. Prior to that she spent ten ...
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
