Who's Moving Where In Wealth Management? - GAM Investments, M&G Investments

Editorial Staff

13 November 2017

GAM Investments
has announced Richard Hughes, fund manager of the M&G UK Income Distribution Fund since 2002, will retire on 31 March 2018.

During his 31-year career at M&G, Hughes also served as the manager of the M&G Recovery Fund from 1987 to 2000, the M&G UK Smaller Companies Fund from 1986 to 1992, and the Charifund from 2001 to 2016.

The firm also announced Aled Smith has decided to step down as the manager of the M&G Global Leaders Fund, effective April 2018.

In his 17 year career at M&G, he co-founded the global equity team with Graham French (former manager of the M&G Global Basics Fund), managed American and Asian funds and served as head of equity research, as well as running the M&G Global Leaders Fund since 2002.

The successors to Richard Hughes and Aled Smith will be announced in due course, M&G said in a statement.

Also, to support the growth of the M&G Global Recovery Fund, Randeep Somel will become deputy manager of the fund with immediate effect, supporting David Williams, the fund’s manager. As a result of this change, Richard Halle will replace Somel as deputy fund manager of the M&G Global Themes Fund, supporting fund manager Jamie Horvat.