Smith & Williamson has hired two former co-leads of global equities at Pictet to take over its American trust as Tana Focke retires after 20 years at the helm.
Tim Day and Chris Ford are to run the Smith & Williamson North American trust and a Dublin-domiciled global equity UCITS, the Mid Ocean World investment fund. The £89m North American trust had been headed up by Robert Royle (pictured), who is transferring to the firm's private client business. Its former lead manager, Lady Tana Focke (pictured), is retiring after almost 20 years on the trust. The trust has underperformed the AIC's North America sector over one, three, and five years, according to FE data. Meanwhile, the £108m Mid Ocean World fund had been managed by David Hunter, w...
To continue reading this article...
Join Investment Week for free
Signup and gain exclusive members-only insights - all free of charge!
- Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
- Get ahead of regulatory and technological changes affecting fund management
- Important and breaking news stories selected by the editors delivered straight to your inbox each day
- Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
- Be the first to hear about our extensive events schedule and awards programmes
