Equities  

Majedie hires Fidelity’s Adrian Brass for global fund role

Boutique investment manager Majedie Asset Management has hired Fidelity’s Adrian Brass to run two new global equity funds as well as an American equity fund.

Mr Brass previously ran global equity funds at Investec Asset Management and when he joined Fidelity in 2006 he ran its offshore Global Consumer Industries fund.

Most recently he has been running the group’s Luxembourg-domiciled since January 2008. The FF America fund is top quartile in both three- and five-year periods, according to data from FE Analytics.

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Now Mr Brass will run Majedie’s Global Equity and Global Focus funds – alongside Tom Record, Yuri Khodjamirian and Tom Morris.

He will also lead manage the new US Equity fund.

Rob Harris, chief executive of Majedie, said: “Over the past few years Majedie has developed a top notch global equity capability, largely in response to client demand. We are excited that Adrian is joining us, as he represents an important piece of that global jigsaw.”

Fidelity said the FF America fund would be taken on by Angel Agudo, who has managed the FIF American Special Situations fund since December 2012.

The FAST US fund, which Mr Brass also managed will be taken over by Aditya Khowala, who will continue to manage the FF American Growth fund in parallel.