Hutchins to take over management of £3.3bn Trojan Income fund

Hutchins to take over management of £3.3bn Trojan Income fund

Blake Hutchins will replace Francis Brooke as lead manager of the Trojan Income fund, as he steps down to become vice-chairman of Troy.

Hutchins will become the Trojan Income fund’s lead manager with effect from January 1, 2022. He joined Troy in October 2019 as co-manager of the fund with both Francis Brooke and Hugo Ure, who will retain his role.

Brooke, who had managed the £3.3bn fund since its launch in October 2004, will be appointed as a member of the board and as a member of the company’s executive committee when he relinquishes his fund management responsibilities on December 31, 2021.

"Under Blake’s management, the fund will continue to invest in line with its proven philosophy, with a focus on achieving strong, risk-adjusted returns with low volatility," the firm said in a statement.

Brooke commented: “This is the right time for me to pass on these responsibilities as I take on a new role as executive vice-chairman. We believe that this carefully planned succession will be a successful transition, with the process completing by the end of the year. 

“Blake and Hugo are both well known to our investors and have established investment track records. Having worked closely with them both, I am delighted to be able to leave the funds in such proven and capable hands.”

Hutchins said: “I greatly look forward to further building on the consistent record of attractive, resilient, risk-adjusted returns.

“With a talented, well-resourced team, and Troy’s clear and repeatable investment approach, this is something I believe we are extremely well-placed to do.”

Commenting on the appointments, Sebastian Lyon, founder & CIO of Troy, said: “Since launching the Trojan Income Fund in 2004, Francis has delivered strong risk-adjusted returns to our investors, building an enviable track record with a consistent, conservative investment approach. 

“We are delighted that Blake has settled in to the Troy investment team so seamlessly and have every confidence he and Hugo will build on Francis’s track record. 

“Francis and I have enjoyed a successful partnership for over 17 years, and I am delighted that he will stay on Troy’s board in this new strategic role as executive vice-chairman.”

Tom Higgins is a freelance writer for FTAdviser