New Capital hires specialist UK equity fund manager

John LeahyNew Capital, a subsidiary of EFG Asset Management, has hired John Leahy, a specialist UK equity fund manager to strengthen its pan-European and global equity franchise.

Leahy will manage a dedicated UK equity fund to complement the New Capital fund range. Prior to joining New Capital, John was at Hermes Investment Management where he ran UK smaller company strategies for 14 years, including the Hermes UK Small and Mid Cap Ucits fund.

Before Hermes, Leahy worked at London-based group G. Ullman Fund Management as a US equity portfolio manager.

The firm recently launched the New Capital Global Equity Conviction Fund in May 2015, which marks the tenth Ucits fund in the New Capital range. Its assets under management stands at $2.5 billion (€2.2 billion) as at end June 2015.

“We are very pleased to have an experienced portfolio manager of John’s calibre and proven track record join New Capital. His appointment will be instrumental in helping us further develop our pan European and global equity franchise,” says Moz Afzal, chief investment officer, EFG Asset Management.

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