Perrett to replace Bruce on M&G Asian fund

Following September hires

Dave Perret has replaced Alastair Bruce as portfolio manager of the £161m AUM M&G Asian fund.

It follows M&G's September hire of Oxford-based boutique Port Meadow Capital Management's Asia Pacific equities team, led by Perret and Car Vine who will also join the Asian fund as a deputy manager. The hires saw Johan Du Preez step down from the management of two Japan funds with immediate effect, with Vine taking over the lead on the vehicles. M&G's latest fund shake-up, which will see Bruce remain a member of M&G's global emerging markets equity team, will not impact the Asian fund's aims or objectives.  Perret is supported by a seven-strong team, covering fund management and r...