UK - Threadneedle Investments - part of Zurich Financial Services - is creating a new high alpha group as part of a reshuffle of its UK equities team.
The new group will work alongside Threadneedle ‘s existing core alpha team in UK equities, reflecting reflects the growing interest in its UK equity products and the success of its UK long/short fund, said the firm.
The high alpha team will manage UK equity portfolios for both institutional and retail clients. The team will be led by Paul Findley and will also include Peter Wilton, Mark Holden and Steve Hewitt.
Mark Holden, currently with ABN Amro Securities, will join the team in September. Prior to that he was a director of Morgan Grenfell Investment Management responsible for segregated UK equity portfolios. He will assist in developing high alpha products and managing existing assets.
Martin Cawthorne will lead the core alpha team responsible for managing institutional UK equity portfolios. He will be assisted by Scott Meech, Rupert Welchman and Rob Jones, developing Threadneedle's core institutional product.
Commenting Michael Taylor head of equities said: This is an important step forward for our business. We have developed a significant presence in the institutional market with first rate UK equity products and now believe it is time to leverage our high alpha performance over a broader range of funds.”
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