Stewart gains co-manager on £3bn Newton fund as Russon exits

Iain Stewart has gained a co-manager on the £3bn Newton Balanced fund, enabling him to spend more time running his £7bn Real Return fund.

Matthew Brown, lead manager of the Newton 50/50 Global Equity fund, will now assist Stewart (pictured) on the Balanced fund. Meanwhile Ben Russon, lead manager of the Newton UK Opportunities fund, is leaving the business, handing his fund to Paul Stephany. Jamie Brookes, managing director, international head of marketing & corporate affairs, said: “Matt Brown and Iain Stewart will co-lead Newton Balanced fund. The assets under management in Real Return have grown significantly since the strategy was launched in 2004 and this move is designed to create greater focus within the multi-as...