23rd June 2015
SLI UK Equity Unconstrained loses its Elite Rating as Ed Legget announces his resignation
Ed Legget, manager of SLI UK Equity Unconstrained fund, has announced his resignation from the company. As a result, the fund has lost its Elite Rating.
The fund will pass to Wesley McCoy, who returned to Standard Life Investments in 2012. Wesley constructed the fund and managed it for the first three years from launch, before leaving the company. Ed took the fund on in 2008.
Darius McDermott, managing director of FundCalibre, commented: “Their 'Unconstrained' range are flagship funds so this is a blow to Standard Life Investments and disappointing for investors. Whilst Standard Life Investments have confirmed that the investment process will not change, we haven't met Wesley and the AlphaQuest manager skill is not transferable in this case. Unfortunately the fund must lose its Elite Rating.”
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