Majedie mulls boosting UK income capacity limit as Wharrier takes reins

Potential tilt to large cap

Majedie Asset Management is considering increasing the capacity limit on its UK Income strategy from its current level of £1.5bn to make way for planned changes under new portfolio manager Mark Wharrier.

Wharrier (pictured) joined the firm from Troy Asset Management in early November to replace Chris Reid, whose departure led to Hargreaves Lansdown removing the Majedie UK Income fund from its Wealth 150. IA stats: GEM funds see strong sales in April while UK Equity Income returns to inflows The fund is now led by Wharrier alongside existing co-manager Yuri Khodjamirian and fund analysts Mike Totton and Emily Barnard. Speaking to Investment Week, Majedie CEO Rob Harris said: "We have in place a £1.5bn capacity limit for the UK Income strategy. "We are going to work on this, but t...