21st May 2015
Newton Asian Income loses Elite Rating as Jason Pidcock resigns
Following the resignation of Jason Pidcock from Newton, and the announcement that he will be moving to Jupiter Asset Management, FundCalibre has removed the Elite Rating from the Newton Asian Income fund.
Asian Income will move away from a lead and alternate manager structure to a team-based approach, under the leadership of Rob Marshall-Lee.
Darius McDermott, managing director, FundCalibre commented: “Newton's loss is Jupiter's gain – it's a great appointment for them. We've been fans of Jason for a number of years and have a high regard for his management skills. Asian Income was really his baby – he has managed and grown it since launch and investors have been very well rewarded. Investors in the fund will be hugely disappointed to lose such a good manager.”
Other Elite Rated funds in the Asia ex-Japan sector are:
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