M&G switches managers on equity teams

M&G Investments has made a number of portfolio manager changes in its equity fund range, and has ended its relationship with Eastspring Investments as Japan fund manager.

Johan Du Preez is returning to M&G in July to manage the M&G Japan and the M&G Japan Smaller Companies funds, subject to regulatory approval.

Du Preez joins from Singapore-based Eastspring, the Asian asset management business of Prudential, where he was part of the Japan Equity team that have been running the two M&G Japan funds on an outsourced basis.

The M&G Japan and the M&G Japan Smaller Companies funds will return from Eastspring Investments to M&G on 1 September 2015. The funds’ investment objective, process and approach will remain the same.

Du Preez has spent his 17-year investment career working at Prudential businesses, having started out as an analyst with Prudential Portfolio Managers, South Africa, a subsidiary of Prudential Portfolio Managers UK that subsequently became a subsidiary of M&G. He joined Prudential’s Asian asset management division in 2004 – later renamed Eastspring.

Meanwhile in M&G’s UK equities arm Louise Nash, manager of the M&G Smaller Companies fund, is leaving the firm at the end of July for family reasons. Garfield Kiff, deputy manager of the M&G UK Growth fund, has taken over the management of the fund today. Kiff has been with M&G for 15 years and previously ran a small-cap institutional strategy.

On the European side Mike Oliveros, deputy manager of the M&G Global Leaders fund, will join Charles Anniss as co-manager of the M&G European Smaller Companies fund on 1 July. Oliveros has been with M&G since 2011.

Graham Mason, head of equities, retail fixed interest and multi asset, says: “I am confident these appointments put the equities team on a firm footing to produce the returns our clients expect of us. I am particularly pleased to welcome back Johan Du Preez who, in addition to his portfolio management responsibilities, will provide excellent support to the wider equities team.”