Diamond Lee to manage the Old Mutual Greater China Equity Fund

Old Mutual Global Investors announces fund manager change

Diamond Lee to manage the Old Mutual Greater China Equity Fund

Old Mutual Global Investors is pleased to announce that Diamond Lee has been appointed Portfolio Manager of the US$100m¹ Old Mutual Greater China Equity Fund (“The Fund”), effective 20 January 2015.   The Fund is currently sub-advised by Metisq Capital Pty Limited (“Metisq”).

Diamond joined Old Mutual Global Investors’ Asian Equities team in November 2014.  Headed by Josh Crabb, this team manages approximately US$400 million² of assets on behalf of global clients.  Currently part of Old Mutual Global Investors (UK) Limited in London, the team expects to join Old Mutual Global Investors (Asia Pacific) Limited, Hong Kong in March 2015, subject to the required regulatory approvals being received.

Josh, who was named Long Only Asian Equity Fund Manager of The Year – All Cap by The Asset in June 2014, and his team are tasked with leading Old Mutual Global Investors’ Asian equities product and strategies.  The team will assist the business in expanding its Asian footprint under the direction of Carol Wong, who joined the company in November 2013 as Managing Director, Head of Distribution, Asia. Josh will also be involved in assisting Old Mutual Global Investors to achieve its goal of expanding into selected international markets.

Josh Crabb, Head of Asian Equities comments:

“Diamond has a tremendous amount of experience and outstanding knowledge of the Chinese equities market. Moving the Fund to his management reflects our commitment to building our Asian equities capabilities and presence in the region. Under Diamond we will aim to grow the Fund’s assets under management in order to deliver investors the associated efficiencies and liquidity of scale. We would like to take this opportunity to thank Metisq for their management of the Fund.”

Julian Ide, CEO of Old Mutual Global Investors, adds:

“This is another exciting development for our company and also for investors in the Greater China Fund as Diamond is an award winning fund manager who has an outstanding long term investment performance track record.  Diamond has made a valuable contribution in the short time he has been with us and I am confident that our clients will benefit from extensive experience in managing portfolios of Chinese assets.”

Diamond Lee biographical details:

Diamond has over 20 years’ experience in the industry and has an excellent performance track record. Most recently Diamond worked at Ignis Asset Management for 18 years as an Asian Equities Portfolio Manager. At Ignis Diamond was responsible for stock selection in China across all Asia Pacific and Emerging Markets portfolios and managed the top performing Ignis Pacific Growth Fund and Ignis China Fund.

Diamond started his investments career at Scottish Amicable Investment Managers in July 1994 as an Investment Analyst, before moving into fund management in December 1994. Prior to that he worked at KPMG as an Assistant Manager, where he trained as a Chartered Accountant. He is fluent in both Cantonese and English.


¹ $99.52m as at 28 November 2014

² includes the AUM of the Old Mutual Greater China Equity Fund, the US$214¹ million Old Mutual Pacific Equity Fun and the U$64 million¹ Old Mutual Asian Equity Fund, sub-funds of the Dublin domiciled Old Mutual Global Investors Series plc umbrella fund. These products will be core to Old Mutual Global Investors’ UK and offshore client base.

Media Contacts:

Amelie Shepherd, PR Executive                                                            020 7332 8345

Vee Montebello, Head of PR and Internal Communications           020 7332 7687

Notes for Editors:

Old Mutual Global Investors:

Old Mutual Global Investors has grown strongly since its creation in August 2012 and now has assets under management of £17.4 billion*.   The team consists of 203 industry professionals, including a team of 52 investment professionals. As part of Old Mutual Group it has a strong financial parent to support the activation of its business strategy. Old Mutual Global Investors is the asset management division of Old Mutual Wealth. To find out more information please go to:  www.omglobalinvestors.com

Old Mutual Wealth:

Old Mutual Wealth is a leading retail investment business in the UK and internationally. It aims to help people who want to make a positive change for themselves, those close to them or the society they live in by helping them secure their financial future.

It has an adviser and customer offering spanning: 

  • Financial advice via the Intrinsic network and independent financial advisers
  • Platform based wealth management products and services via Old Mutual Wealth in the UK and Old Mutual International globally
  • Asset management solutions via Old Mutual Global Investors 

Old Mutual Wealth currently oversees £82.2* billion in customer investments. 

Old Mutual Wealth is part of Old Mutual plc, a FTSE 100 group that provides life assurance, asset management, banking and general insurance. Old Mutual is trusted by more than 16 million customers across the world and has a total of £308 billion* assets under management.

*as at 30 September 2014

Important information: Past performance is no guarantee of future results. The value of an investment and the income from it can fall as well as rise and investors may not get back the amount originally invested.

This communication is issued by Old Mutual Global Investors (UK) Limited (trading name Old Mutual Global Investors), which is a member of the Old Mutual Group. Old Mutual Global Investors is registered in England and Wales under number 02949554 and its registered office is 2 Lambeth Hill London EC4P 4WR. Old Mutual Global Investors is authorised and regulated by the UK Financial Conduct Authority (“FCA”) with FCA register number 171847 and  is owned by Old Mutual Plc, a public limited company limited by shares, incorporated in England and Wales under registered number 3591559. OMGI 12/14/0076.