Majedie Asset Management

Majedie Asset Management has hired Fidelity's Adrian Brass as it prepares a push into the global and US equity space via three fund launches next month.

FUND MANAGER FOCUS

The five best-selling UK All Companies funds saw more than £1bn in collective inflows in the first two months of the year, confirming UK equities are back at the top of investors' wishlists.

Majedie has announced that it will close its top-performing UK Income fund when it reaches £1.5bn, following a spate of inflows.

Fund buyers are increasing their exposure to absolute return equity funds to take advantage of sharp falls by companies which miss earnings estimates.

Majedie Asset Management has shut its Tortoise equity long/short fund to existing investors after the vehicle reached its capacity limit, Investment Week can reveal.

Majedie Investments is to close its emerging markets boutique and switch assets into the separate Majedie Asset Management (MAM) business.

Majedie Asset Management has hired former Baillie Gifford fund manager Tom Record to lead the development of a long-only global equity offering.

Majedie's UK Income fund is close to the upper limit it is allowed in overseas stocks, as manager Chris Reid looks for opportunities in international dividend payers.

Chris Reid, manager of the Majedie UK Income fund has revealed five key stocks that he expects will help his fund maintain its top ranking in the UK Equity Income sector in the coming year.