Old Mutual Global Investors announces changes to the Old Mutual UK Equity Income Fund
Ed Meier promoted to manager of the Old Mutual UK Equity Income Fund
Old Mutual Global Investors (‘OMGI’), part of Old Mutual Wealth, announces today that following a review of its £220m Old Mutual UK Equity Income Fund (the ‘fund’), Ed Meier has been appointed as the fund’s lead manager with immediate effect.
In addition to his new role as manager of the Old Mutual UK Equity Income Fund, Ed will remain a key member of the UK Alpha team and contribute to the wider UK equities desk’s investment process. He will report into the business’s head of large cap UK equities, Simon Murphy.
Ed has over 16 years’ experience in investment management, and has worked at OMGI since 2013 as a research analyst and UK equity portfolio manager. In managing the fund, Ed will be able to draw on his own stock selection expertise, as well as utilising the combined experience of the company’s award winning 14-strong UK equity team, who manage over £7bn in customer assets.
The investment objective and policy of the fund will remain unchanged, with a clear and distinctive income focus and target. The fund will invest in 50-60 stocks, utilising the team-based fundamental research process adopted across the UK equities desk. The fund aims to deliver a growing income stream, alongside capital appreciation.
Richard Buxton, head of UK equities and CEO, Old Mutual Global Investors comments:
“We recognise the important role that UK equity income funds can play in many investors’ portfolios and are committed to building a leading capability in this area.
“We believe investors in the Old Mutual UK Equity Income Fund will benefit from Ed’s proven stock-picking and portfolio management skills, as well as the portfolio construction abilities of OMGI’s highly experienced UK equities team. We believe that under Ed’s management there is a significant opportunity for us to attract further investment to the fund, which is in a sector dominated by a small number of asset managers.”
As a consequence of the change being announced today, Stephen Message will leave the company with immediate effect. OMGI would like to thank Stephen for his contribution to the business.
 Source OMGI, £219.6m, as at 31/10/16
 Source: OMGI as at 31/10/16