Article date: 18 August 2004
Morley Fund Management, one of the UK’s largest fundmanagers, has appointed Simon Clements as a portfolio constructorin its global equities team. This appointment, a new position inthe team, will ensure the smooth running of a £1 billion mandatebeing awarded to the team during the second half of 2004.
Simon's role will be to ensure that the team constructsportfolios as efficiently as possible without diluting theirinvestment style, in light of the increase in funds undermanagement. He is moving from Morley’s highly regarded riskmanagement team and brings with him eight years of investmentexperience. He joined Morley in June 2000 and previously worked forKuwait Investment Office, Chase Manhattan Bank and Westpac in riskand performance measurement roles.
Led by Michael Jennings, the global equities team believes inactive stock selection, managing portfolios without bias towardsgeography or sector.
Commenting on the appointment, Katherine Garrett-Cox, chiefinvestment officer at Morley Fund Management, said: "Simon’sappointment provides a great boost to our global equitiescapability and underlines Morley’s commitment to this assetclass. The team’s strong performance track record, and thesubstantial growth in funds under management, positions Morley wellin this fast growing segment of the market."
For further information please contact:
Fiona Baker,Head of Corporate Communications 020 7809 8617
Morley Fund Management 07736 883 832
Notes to editors
Morley Fund Management
- Morley Fund Management (‘Morley’) is anindependently managed, London based, asset management businesswith over £111 billion* under management (as at 31.03.04). Itactively manages a diverse range of asset classes and employs inthe region of 900 staff worldwide based in London, Singapore andan associate office in Boston**.
- Morley is a wholly owned subsidiary of the Aviva Group andmanages both institutional and retail funds under the Morleybrand. It also acts as investment manager for a range of retailinvestment funds, marketed in the UK by Norwich Union, andinternational funds marketed under the Aviva Funds brand.
*Not including mortgage assets
**Morley Fund Management International Limited, an Avivacompany
Property Week Awards 2004 – Best Property Fund Manager
Pensions Management Provider Awards 2003 – Best Property FundManager
Fund Manager of the Year - Pensions Week Awards 2002
Specialist Manager of the Year - UK Pensions Awards 2002
Insurance Fund Manager of the Year (awarded to Norwich Union) -Standard and Poor’s 2002
Sustainable and Ethical Investment and Asset Management Award -Liveable City Awards 2002
Further information about Morley Fund Management can be found at http://www.morleyfm.com