Terry Smith hands over day-to-day running of FEET trust to manager duo

Michael O’Brien and Sandip Patodia taking over

Anna Fedorova
clock • 1 min read

The board of the Fundsmith Emerging Equities Trust (FEET) has announced that Terry Smith will be handing over the day-to-day management of the trust to Michael O'Brien and Sandip Patodia.

The duo, who joined Fundsmith ahead of the launch of the trust in 2014 and have been at the core of the management team of the vehicle, will take over the trust as portfolio manager and assistant portfolio manager, respectively, as of 31 May. The board said Smith will provide advice and support to the pair in his capacity as chief investment officer. Jonathan Imlah and Tom Boles will continue to assist as research analysts. Additionally, the board is also set to announce at the AGM later today that the annual management fee on the trust will go down from 1.25% to 1%, also with effect ...

To continue reading this article...

Join Professional Adviser for free

  • 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

Join

 

Already a Professional Adviser member?

Login

More on Companies

Single-adviser firm sells to local IFA as he 'shuns consolidators'

Single-adviser firm sells to local IFA as he 'shuns consolidators'

Simon Aucott sells his firm to Staffordshire-based IFA Bank House

Isabel Baxter
clock 27 February 2024 • 2 min read
MKC Wealth acquires female-focused financial planning firm

MKC Wealth acquires female-focused financial planning firm

The firm will operate under the new brand MKC Wealth for Women

Isabel Baxter
clock 26 February 2024 • 2 min read
Mattioli Woods selects T. Rowe Price to develop income model portfolio

Mattioli Woods selects T. Rowe Price to develop income model portfolio

Headed up by investment advisers Yoram Lustig and Michael Walsh

Isabel Baxter
clock 15 January 2024 • 1 min read