Olly Russ has now moved to Liontrust to manage the company’s European income team after leaving Argonaut.
The fund manager, who worked at Neptune Investment Management before founding Argonaut in 2005, will run Liontrust’s European Income funds, which have assets amounting to £272m.
Liontrust announced it had snagged Mr Russ in April, after it agreed to buy his Argonaut European Income plus and Argonaut European Enhanced Income funds.
The two funds will maintain their track records and there will be no change to the investment process.
John Ions, chief executive of Liontrust, said: “Olly will extend our equity income capability at a time when demand for income investing is only going to rise through increased longevity and pension freedoms.”
The move means Liontrust now has four fund management teams investing for income, including the UK, Asia, Continental Europe and globally.
Mr Ions said European income means UK-based investors can access a broader spread of companies with a yield above 3 per cent.
Liontrust currently has six fund management teams.
Mr Russ said: “I believe it is a good time to make the move to Liontrust because of the opportunities Continental Europe offers income investors.
“The economy is improving and it is possible to find companies generating strong cash flows that are minded to return these to shareholders.”
katherine.denham@ft.com
