The board of the £66.4m Gresham House Strategic (GHS) trust has decided to part ways with Gresham House Asset Management (GHAM) and has appointed Harwood Capital as its new investment manager, while proposing the trust change its name to Rockwood Strategic.
Richard Staveley, the former portfolio manager of the trust who quit in May this year, will join Harwood and has been proposed to return as the lead portfolio manager. Staveley, UK small-cap specialist and former partner at River and Mercantile, left GHAM only 20 months after joining. His appointment will begin after contractual restrictions from GHAM end on 1 December. The trust's investment management agreement with GHAM has been terminated "with immediate effect". Chair of Gresham House Strategic trust David Potter to leave firm In an announcement on the stock exchange t...
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