James de Uphaugh to retire after 36-year career

Imran Sattar takes on Edinburgh trust

James de Uphaugh is set to retire from the industry, bringing to an end a 36-year career, during which he co-founded Majedie Asset Management.

He will step down as manager of the Edinburgh investment trust in February 2024, handing management of the vehicle to fellow fund manager Imran Sattar, who, like de Uphaugh, joined Liontrust in April 2022 as part of its acquisition of Majedie. Edinburgh investment trust benefits from UK equities comeback Before joining Majedie, Sattar served as a managing director and fund manager at BlackRock, where he oversaw UK equity funds with a combined assets under management of more than £2bn. He began his career at Mercury Asset Management in 1997, which was subsequently acquired by Merrill L...