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Mark Wharrier exits Majedie after run of underperformance


Mark Wharrier exits Majedie after run of underperformance
He will be replaced as manager of the £100m UK Income fund by Majedie founder Chris Field
Majedie UK Income fund manager Mark Wharrier has left the firm after a run of underperformance and will be replaced by Chris Field.
Wharrier (pictured) joined Majedie in May 2018, just seven months after he was hired by Troy Asset Management as assistant manager on the Trojan Income fund alongside Francis Brooke and Hugo Ure. Prior to joining Troy, he co-managed the Blackrock UK Income fund and Income and Growth investment trust.
Since Wharrier took over management on 5 November 2018, the Majedie UK Income fund has lost 1.7%, compared to its benchmark index, the FTSE All-Share, which gained 11%, while the IA UK Equity Income sector returned 12% over the same period, according to FE Fundinfo. ....

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Square Mile downgrades three M&G funds in latest ratings reshuffle


Investment Week is hosting its Global Emerging Markets Briefing at a pivotal time for investors as they start to position for the recovery from the Covid-19 pandemic, although risks remain.
During this interactive briefing, we will hear from a number of global emerging market managers about their response to the extraordinary events of the past year and their outlook for the rest of the year and beyond.
The managers will identify where they are seeing the biggest opportunities and risks at the moment in emerging markets and explain the role their strategies could play in client portfolios.
Attendees will also get the chance to network with peers, quiz our speakers, as well as benefit from CPD points ....

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