Article date: 6 February 2007
Morley Fund Management, one of the UK's largest fund managers, has appointed Simon Jaffe and Mark Artherton as a UK institutional fund manager and emerging markets fund manager, respectively, for the equities team. Simon joins Morley with experience at F&C Asset Management, while Mark has worked with Lansdowne Partners. This brings the number of fund managers Morley has added to its equities team to seven.
Niall Paul, Morley equities director, said: "This is how we are continuing the strengthening of the Morley equities group. There is real sense of success within the team, and both Simon and Mark have the necessary experience and expertise to contribute in terms of reaching such objectives."
Simon Jaffe was a pan-European equity portfolio manager at F&C Asset Management. Prior to that he worked for NPI Asset Management where he was assistant director and UK fund manager. From 1997-1998, Simon was a UK equity analyst at Morley Fund Management.
Mark Artherton was a global emerging markets equities fund manager at Lansdowne Partners. Previously he was at Wells Capital Management where he was a senior EMEA equities analyst. Mark will cover the Global Emerging Market Equities sector and will therefore develop Morley's product range in this area.
In December, Niall Paul concentrated on Morley's equities business in order to encourage higher conviction and to define investment parameters within the business's active equity management teams. More specifically, he created a new Morley Team Value, reorganising Morley's UK Equity and European Equity teams, and then finally moving the active US funds into a quantitative or index-based approach. The reorganisation process saw David Lis appointed as head of UK equities and Rita Dhut as head of the Morley value team. Morley is now actively recruiting a selection of individuals to apply for the position of head of European equities.
The other five recently integrated excellent British fund managers are:
Richard Colwell, appointed in November and working from January. He comes from Credit Suisse, where he managed the Growth & Income fund, as well as the Credit Suisse Managed Assets OEIC. He has also managed a good number of segregated institutional pension funds for over four years with different mandates.
Chris Murphy became part of Morley in May after experience at Axa Framlington where from 1993 he worked as a fund manager. Most recently, however, he was responsible for managing growth portfolios for institutional and private clients. Chris has also managed the Framlington UK Growth Fund, which generated the first quartile performance in 2005*.
Mervyn Douglas started working for Morley in May after previous experience at Legal and General Investment Management where he worked as a fund manager since early 2005. Previously, he worked at Morley, from November 2002, where he had a role, during that period, as manager for the Norwich UK Equity Fund. Mervyn also managed the LGIM Growth Trust Fund, which generated performance for the first decile in 2005*.
Ian Lancaster became part of Morley in June, after working for Progressive Alternative Investments Limited, where he managed the Elite MoneyGuru Income with Growth Unit Trust and Stockbridge - small and mid equity capitalization long/short hedge fund. Previously, his role was as head of investment at MG Capital plc, and before that he was a small companies investment manager for General Accident. He brings 17 years' experience to the team from the fund management sector and has a good track record in that sense.
James Follows joined Morley in June after having worked alongside Ian Lancaster as assistant manager. He has 16 years of experience in the fund management sector, Prior to Progressive Alternative Investments, James was head of research and assistant fund manager at MG Capital plc.
*Source, S&P's Micropal, % change, Offer-to-offer basis, GBP. Past results are not indicative of the future.