Mirabaud Asset Management is shifting the strategy of its UK equity fund in favour of a high alpha strategy and has named a new manager to lead the fund.
The current Mirabaud- UK Equity High Income fund will become the Mirabaud – Equities UK High Alpha fund on 1 October 2017.
The new strategy will be managed by Jeremy Hewlett, who is part of Mirabaud’s UK equity team, led by David Kneale.
The UK equity head had manage the UK equity fund at Mirabaud since 2001. Hewlett will become the lead at the time the fund's name and approach is altered.
The high alpha strategy will be run with an unconstrained and high conviction portfolio and will be available to a wider range of investors.
Commenting on the move, Lionel Aeschlimann, managing partner and CEO of Mirabaud AM, said: ‘This is an exciting time for Mirabaud Asset Management. What we reserved for a small circle of institutional and sophisticated clients, with robust historical performance, now becomes accessible to the public.’
The Mirabaud - UK Equity High Income fund has a performance of 0.19% over three years to the end of August 2017, which compares to the benchmark FTSE All-Share TR’s return of 1.57% over the same timeframe.