Stonehage Fleming Investment Management’s Nick Burchett is to assume full management of two of the firm’s funds namely the TM Stonehage Fleming Opportunities Fund and the TM Stonehage Fleming AIM Fund.
Paul Mumford will remain actively involved in the management of both funds in his new capacity as senior fund adviser, providing guidance and counsel to Burchett (pictured). The investment philosophy of both funds will remain unchanged.
Mumford started the Opportunities Fund as a UK-focused long-only fund in 1988, and the AIM Fund, the UK’s only 100% AIM stock fund, in 2005 and has been in the UK investment industry for more than 60 years. Nick is a deeply experienced investment manager whose long career in the City spans 40 years, the last 7 of which have been spent working alongside Paul on the two funds.
Graham Wainer, CEO of Stonehage Fleming Investment Management, said: “Nick has demonstrated his deep knowledge and investment experience managing two of our flagship funds alongside Paul. It is only natural, therefore, that Nick steps up to take on the leadership role. I would like to take this opportunity to thank both Paul and Nick for their hard work and ongoing commitment to the firm.”
Burchett said: “I feel very honoured to be taking full charge of the TM Stonehage Fleming Opportunities Fund and the TM Stonehage Fleming AIM Fund. I am enormously grateful to Paul for his support as I take them forward. The prospect of seeking further opportunities for the medium-to-long-term benefit of investors is an immensely exciting one.”
Stonehage Fleming Investment Management is a global investment practice with teams based in London, Zurich, Liechtenstein, Cape Town, Johannesburg and Jersey.
