Merian Global Investors' Ian Ormiston is stepping down from running the European Equity (ex UK) and European Equity funds, with the mandates set to adopt a new investment process.
Ormiston, who has managed the large-cap funds since the departure of Kevin Lilley in 2017, will focus on running his flagship €257.34m Europe (ex UK) Smaller Companies fund. The management of the £96.19m European Equity (ex UK) fund and the €29.77m European Equity fund is being handed to the global equities team, headed by Ian Heslop, with immediate effect. Merian names Issler head of EMEA distribution The large-cap funds will adopt the global equities desk's systematic process. The global equities team considers valuation, quality, price trends, stable growth prospects, investor s...
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