Sarasin hires equity fund manager duo

Sarasin & Partners has appointed two new fund managers to work on the firm’s global and UK equity mandates.

Simon Steele and Neil Mitchell, both coming from investment and property fund manager CCLA, will report to the firm’s head of asset management David Allen.

Steele will be co-manager of the firm’s global equity income mandates alongside current manager Darryl Lucas, while Mitchell will be co-manager of UK mandates with Jennifer Ramsey and Phil Collins.

Steele has been an investment director at CCLA since 2010 and was fund manager of the multi-asset Common Investment funds, the £57m UK Equity fund and the £120m Global Equity Income fund. 

Mitchell was a global equity manager at CCLA working on a range of UK and global equity portfolios since 2010. 

Sarasin & Partners partner Sam Jeffries says: “We have been aware of Simon and Neil’s track record for several years and are delighted that they have chosen to join Sarasin & Partners. They have significant experience of managing higher yielding equity portfolios and will bring a wealth of experience to our highly collegiate and long-established investment team. 

”We have high hopes that they will help us maintain our strong performance record and further broaden the appeal of our funds to a wider range of investors.”

As of 30 June, Sarasin & Partners manages £13.8bn of assets, of which £10.7bn is in equities.

Sarasin & Partners partner Guy Monson says Steele and Mitchell ”are clearly very experienced and have produced strong outperformance as part of a team working at CCLA”.

“Our equity income and multi-asset offerings have proved popular with a wide range of investors and these hires provide further proof of our commitment to these mandates.”  

In September 2014, Sarasin & Partners also boosted its global thematic equity team with the hire of former Ignis fund manager Mark Julio.