Janus Henderson manager Chris Forgan is to reunite with former colleague Bill McQuaker at Fidelity as part of its multi-asset division.
Mr Forgan, who will join in September, works on four Henderson multi-manager products with more than £1bn in assets. He will join Fidelity’s multi-asset income team, headed by Eugene Philalithis.
Mr Forgan will become co-manager on Fidelity’s four-strong multi-asset income range, which has assets of more than £6.4bn, including £484m in the firm’s Multi-Asset Income fund.
The incoming manager will work alongside Mr Philalithis and George Efstathopoulos on the funds, with current co-manager Nick Peters stepping back to focus on his other multi-asset growth strategies.
Fidelity Multi-Asset Income is first quartile in its IA Mixed Investments 0-35% Shares sector over three years, delivering 21 per cent versus a 15 per cent average, data from FE Analytics shows. Demand for the vehicle has also spiked, its assets more than doubling since November 2016.
Mr Forgan, who spent 13 years at Henderson and was previously an analyst at First State Investments, will report to multi-asset chief investment officer James Bateman.
Following completion of its merger with Janus, Henderson earlier this month announced the hire of former F&C Investments multi-manager Dean Cheeseman, who will join Mr Forgan’s former team.