Investors 'underwhelmed' by Barnett replacement on Edinburgh investment trust

Mixed industry reaction to new appointment

Mark Barnett

Mark Barnett

The decision made by the Edinburgh investment trust board to oust manager Mark Barnett following a period of prolonged underperformance came as "little surprise" and is a "welcome move", according to several investment trust professionals.

However, the board's decision to appoint Majedie Asset Management (MAM's) CIO James de Uphaugh has been called "underwhelming" by some, while others have warned his value investment style bears a close...

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