‘Rising talent’ steps up on two Rathbone funds

Rathbone Unit Trust Management has appointed Marina Bond as lead manager of its 45m Smaller Companies fund and James Thomson to run its 16m Global Opportunities fund.

The Smaller Companies fund was previously run by Carl Stick, who remains the lead manager of the Rathbone Special Situations and Income funds.

Chief investment officer Julian Chillingworth, who managed the Global Opportunities fund prior to the change, will also continue to run the Income & Growth portfolio.

The manager changes are part of the group’s strategy to give rising talent – managers who have developed and demonstrated their skills – the opportunity to run funds.

Both Bond and Thomson joined the group in 2000 and have gone through the process of training and acting as understudies to the lead fund managers. They were both co-managers of the respective portfolios prior to their promotions.

Chief executive officer Peter Pearson Lund says: “They have gradually taken on more responsibility as they have gained experience. The transition will be seamless.”

Pearson Lund adds: “Our investment process applies across the whole unit trust range and each individual can bring their skills to the stockpicking process. It is very much a team operation with 10 investment professionals in our unit trust business, but we like to give individuals freedom to implement ideas.”

The Smaller Companies fund had top three holdings of Synergy Healthcare, Dyson Group and Rok Property Solutions at June 30. Neteller, Lions Gate Entertainment and Neopost made up the top three companies in the Global Opportunities portfolio.