Legg Mason Capital Management's US fund manager Mary Chris Gay has exited the firm, Investment Week can reveal.
Gay, who ran the group's LMCM Value fund - modelled on the $4.3bn US-domiciled Value Trust - left the firm last week and has been replaced on the portfolio by colleague Sam Peters. Peters is now named portfolio manager on the LMCM Value fund, the group said in a statement. The fund is a concentrated large cap portfolio which aims to buy what the managers believe are undervalued stocks, mimicking the investment process on the US-domiciled fund. Gay (pictured) has been a fund manager at the firm for 15 years, having started in her current role in 1998. Prior to that she spent ten ...
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
