Article date: 1 February 2007
Morley Fund Management, one of the UK’s largest fundmanagers, has appointed SimonJaffe and Mark Artherton to the Equity team as a UKinstitutional fund manager on the Value team and emerging marketsfund manager respectively. Simon joins Morley from F&C AssetManagement and Mark joins from Lansdowne Partners. This brings to seven the number of fundmanagers Morley has added to its equities team in as manymonths.
Morley’s head of equities, Niall Paul said: “Thiscontinues our strengthening of Morley’s equities team. Thereis real sense of momentum within the team and both Simon and Markhave the experience and expertise to significantly contribute tothat.”
Simon Jaffe previously was a pan-European equity portfolio managerat F&C Asset Management. Prior to that he was at NPI AssetManagement where he was assistant director and UK fund manager.Simon was a UK equity analyst at Morley Fund Management during1997-1998.
Mark Artherton previously was a global emerging markets equitiesfund manager at Lansdowne Partners. Prior to that he was at WellsCapital Management where he was a senior EMEA equities analyst.Mark will be covering Global Emerging Market Equities anddeveloping Morley’s product range in this area.
In December, Niall Paul refocused Morley’s equities businessin order to instil higher conviction and more focused investmentparameters within the firm’s active equity management teams.Specifically, he created a new Morley Value team, refocusedMorley’s UK Equity and European Equity teams and moved thefirm’s active US funds into a quant or index based approach.As part of this refocusing David Lis was promoted to head of UKequities and Rita Dhut was promoted to head of the Morley Valueteam. Morley is actively recruiting for the position of head ofEuropean equities.
The other five recently recruited high alpha UK fund managersare:
Richard Colwell wasappointed in November and started in January. He comes from CreditSuisse where he managed the Growth & Income fund and the CreditSuisse Managed Assets OEIC. He has successfully run a number ofsegregated institutional pension funds for over four years withvarying mandates.
Chris Murphy joined Morley in May from Axa Framlington where heworked as a fund manager since 1993, most recently responsible forrunning growth mandated portfolios for institutional and retailclients. Chris has managed the Framlington UK Growth Fund whichdelivered first quartile performance in 2005*.
Mervyn Douglas joined Morley in May from Legal and GeneralInvestment Management where he had been working as a fund managersince early 2005. He previously worked at Morley from November 2002and was lead manager on the Norwich UK Equity Fund. Mervyn managedthe LGIM Growth Trust Fund which delivered first decile performancein 2005*.
Ian Lancaster joined Morley in June from Progressive AlternativeInvestments Limited, where he managed the Elite MoneyGuru Incomewith Growth Unit Trust and Stockbridge – a small and mid capequity long/short hedge fund. Prior to this he was head ofinvestment at MG Capital plc and previously smaller companyinvestment manager for General Accident. He brings 17 years’fund management experience to the team and a very strong trackrecord.
James Follows joined Morley in June and most recently workedalongside Ian Lancaster as assistant fund manager and has 16 yearsof fund management experience. Prior to Progressive AlternativeInvestments, James was head of research and assistant fund managerat MG Capital plc.
*Source, S&P's Micropal, % change, offer to offerbasis, GBP. Past performance is not a guide to the future.
For more information contact:
Corporate Communications Manager
Telephone: 020 7809 8618
Notes to editors:
Morley Fund Management Limited is the UK-based asset managementbusiness of Aviva plc. Firms within the Morley group of companiesmanage £162 billion or €239 billion from offices around theworld as at 30 September 2006.
Morley manages both institutional and retail funds. It also acts asinvestment manager for a range of retail investment funds, marketedin the UK under the Norwich Union brand and in Europe under theAviva brand.
- Equity End User of the Year – Derivatives WeekDEAL Awards 2006
- Property Fund Manager of the Year, Pensions Management Awards2006
- Best Commitment to Raising Standards of Trustee Education,Engaged Investor Awards 2006
- Property Fund Manager of the Year, Property Week Awards2006
- SRI Provider of the Year, Global Pensions 2006
- Central European Property Awards 2005 - Outstanding Company ofthe Year & Investor of the Year
- UK Pensions Awards 2005 – Property Manager of theYear
- Property Week Awards 2004 – Best Property FundManager
Further information about Morley Fund Management can be found atwww.morleyfm.com