Tillit removes FTF Martin Currie Japan Equity fund after manager exit

Hideo Shiozumi retires

The Tillit platform has removed the £428m FTF Martin Currie Japan Equity fund from its fund universe, following the departure of the fund’s manager.

In an update, Tillit said its investment committee decided to remove the fund as lead manager Hideo Shiozumi retires. Martin Currie hires GAM's Reiko Mito as Hideo Shiozumi steps back As per Tillit's process, the departure of a lead manager triggered an immediate review by the fund selection team, given Shiozumi's key person risk. Incoming manager of the Martin Currie fund Paul Danes has previous experience managing Japanese equities, but their most recent experience is in managing Asia ex-Japan equities. There is also a proposed change in philosophy, shifting from Japanese comp...