Beechtree Capital
Nedgroup Investments head of multi-manager Rob Burdett has agreed to chair a newly-formed advisory committee at Beechtree Capital.
Burdett is being joined by Beechtree managing director Tom Norman-Butler and Bold Partners co-founders, Marcus Bolitho and Will Gold.
Founded in September 2024 by Norman-Butler, formerly of Montanaro Asset Management, Beechtree is an outsourced distribution and client servicing business focused on the UK & Ireland.
The company aims to build long-term partnerships with a small number of ‘highly regarded and exceptional active fund managers’.
Guinness Global Investors
Mark Brennan has joined as a portfolio manager.
Brennan was previously with Foresight Group for more than six years, where he became a partner, before exiting the firm in December 2023. He managed the FP Foresight UK Infrastructure Income fund and the FP Foresight Global Real Infrastructure fund, with a total £450m assets under management.
Before Foresight, he spent a year as an investment analyst at SL Capital Partners and three years at UK Green Investment bank.
JPMorgan American Investment Trust
Jonathan Simon, one of JPMorgan American investment trust’s large-cap portfolio managers, will retire on 3 March 2025.
Following the news, which was first announced in March last year although no date was given, co-portfolio manager Jack Caffrey will be joined by Graham Spence as a co-portfolio manager of the trust’s large-cap value stocks, while Felise Agranoff and Eric Ghernati will continue to work on the company’s growth stocks.
Originally founded in 1881, the JPMorgan American investment trust has been listed on the London Stock Exchange since 1955 and is part of the FTSE 250 index.
Ruffer
Duncan MacInnes, lead manager on the Ruffer Investment Company and Ruffer Diversified Return fund, has left the firm “with immediate effect”, according to a London Stock Exchange announcement published 12 February.
Edinburgh-based MacInnes, who has been at the company for more than 12 years, joined the firm as an investment associate in September 2012, becoming an investment manager in 2015 and investment director in 2017.
He became a senior fund manager and partner at the firm in March 2021. Prior to this, he was a portfolio manager at Barclays Wealth, having initially joined the company as a private banking analyst in 2008.
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