Alastair Mundy will take a leave of absence for health reasons, handing his funds over to Ninety One colleagues Alessandro Dicorrado and Steve Woolley.
Dicorrado and Woolley will take on portfolio management responsibilities for Mundy's Cautious Managed, UK Special Situations and UK Total Return, along with Temple Bar investment trust. The pair will run these portfolios in addition to their Global Special Situations fund. Co-CIO Domenico Ferrini, meanwhile, will assume Mundy's role as head of Ninety One's value team. Ninety One said Mundy's absence was for non-Covid-19 health reasons, with Ferrini insisting the firm's "primary concern is always to ensure continuity for our clients while safeguarding the welfare of our employees". ...
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