Ex-Liontrust boss Legge returns with Vinculum Fund Management

Nigel Legge, former chief executive of Liontrust, is planning to return to the asset management industry with the launch of Vinculum Fund Management.

Legge, who co-founded Liontrust in 1994, is a partner and co-founder of the venture. He says Vinculum aimed to bring a new investment process to the marketplace designed to strip out human error from stock selection. "I would not have contemplated coming back into the investment industry if we did not have this new investment process. "The key to the process is objectivity, not subjectivity. Most fund managers have a way of trying to select shares they like, which is flawed by the information they receive about those shares and how they interpret that information. "Our process excl...