Liontrust Asset Management has announced a “consolidation” of its teams, with the global equity team merging to become part of the global fundamental team.
As part of the shift investment veteran Robin Geffen, former head of the global equity team, will leave Liontrust “in due course”.
Following his departure, Tom Record will be responsible for global equities within the newly enlarged global fundamental team with the exception of the Global Technology fund, which will move to the global innovation team.
The decision will take “immediate effect” and was made “to provide greater strategic focus over the next few years”, the firm announced.
Performance of managers against their peer group since October 2019
Source: FE Analytics
Prior to joining Liontrust in October 2019, Geffen was a fund manager and chief executive officer (CEO) of Neptune Investment Management, which he founded in 2002.
At Liontrust, he contributed to the management of Liontrust Global Alpha, Liontrust Global Smaller Companies and Liontrust Global Technology, as well as acting as sole manager for Liontrust Balanced, whose performance is illustrated below.
Record joined Liontrust in April 2022 as part of the acquisition of Majedie Asset Management, where he had managed funds for eight years; before that, he was at Baillie Gifford.
Performance of fund against sector since Geffen’s management
Source: FE Analytics
John Ions, chief executive at Liontrust, thanked Geffen for his “contribution and commitment over the past four years at Liontrust after a long career”.
“Global equities are a core asset class for investors and we offer a strong proposition across our investment teams. Tom Record has a long track record, having been an investment manager of international equities since 2004,” he said.