Illness forces Felton to take extended break at M&G

  • Story by: Joy Dunbar
  • Magazine: FinancialAdviser
  • Published Thursday , August 21, 2008

Old Broad Street Research suspends the AA Rating on M&G UK Select fund

Advertising

Mike Felton, manager of the £499.9m M&G UK Select Fund is taking time off for leukaemia treatment.

He is expected back early next year and Garfield Kiff will be take over the running of the fund.

Old Broad Street Research has suspended its AA Rating on the fund following the announcement. The OBSR team said it will be meeting with caretaker manager Mr Kiff, who was previously the deputy manager of the fund.

Richard Romer Lee, research director for OBSR said: "We send our best wishes to Mr Felton and his family. We understand that he is due back early in 2009 and wish him all the best for successful treatment."

Mr Felton joined M&G in January 2005 as head of UK retail equities, and began his career in 1989 as a graduate trainee at Sun Alliance Investment Management.

FTAdviser BLOGS RSS

Latest Post  

Financial crisis must not stop debate on professionalism

Over the last year, the much-discussed reforms of retail financial distribution have been ... read more

SIGN UP TO NEWS ALERTS



Is the time right for equity release?

Norwich Union is celebrating 10 years of offering equity release (Find out more).

Meanwhile, with house prices plummeting, should clients be signing up to equity release quickly to make the most of the equity in their home?

Click here to read our feature article

FTAdviser  Jobs  RSS

More positions