Threadneedle replenishes US equities team after Weldon exit

Threadneedle Investments has replenished its US equities team after former manager Cormac Weldon and his team left the group to join rival Artemis.

The company said Benedikt Blomberg and Nicolas Janvier had joined the group from Columbia Management, which is owned, alongside Threadneedle, by Ameriprise Financial.

Amit Kumar joins from US-based independent research and consulting firm Artham Capital Partners.

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All three will report to the group’s head of US equities, Diane Sobin, who joined Threadneedle in September 2011 from Colombia Management.

The analysts join Stéphane Jeannin and Brad Colton as analysts on the team, which will be welcome news to the group after Mr Weldon, colleague Stephen Moore and five US equity analysts left at the start of the year.

The group has also hired Richard Adams, who was previously an analytics manager in the reporting and information services team at Threadneedle. He will take on the role of client portfolio manager.

The appointments follow that of US fund manager Nadia Grant earlier this year. Alongside existing fund managers Neil Robson and Ashish Kochar, Threadneedle’s US equities team now has 10 members.

Mark Burgess, chief investment officer at Threadneedle, said: “I am very pleased with the swift progress we have made in enhancing our London-based US equities team, while at the same time increasing our collaboration with Columbia Management’s US equities team.”

The group has nearly $17bn assets under management in US equities.