Mark Wharrier leaves Majedie as Chris Field takes over fund

Income fund lost money over tenure

Manager of the LF Majedie UK Income and UK Focus funds Mark Wharrier has left the firm, and will be replaced by fellow UK equities manager Chris Field.

Wharrier, who joined Majedie in 2018 after spending one year at Troy running its Income fund, has 25 years of investment experience across UK and international markets. Prior to his year at Troy, the manager spent four years at BlackRock where he managed a total of more than £1bn of assets including its UK Income fund and Income & Growth investment trust. Since Wharrier took to the helm of the £100m LF Majedie UK Income fund on 5 November 2018, it has lost 1.7% compared to its FTSE All-Share benchmark and IA UK Equity Income sector average's respective gains of 10.9% and 11.6%, accord...