US Equity Team Leaves Threadneedle

Threadneedle is losing its American equity fund managers Cormac Weldon and Stephen Moore to rival firm Artemis to set up a new US desk

Emma Wall 23 January, 2014 | 3:38PM
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Investors in the Bronze rated Threadneedle American fund should prepare themselves for a significant overhaul as fund managers Cormac Weldon and Stephen Moore - along with five equity analysts - are leaving the firm. 

Rival asset manager Artemis has confirmed it is hiring Weldon and Moore to set up a US equity desk. Weldon leaves Threadneedle after 17 years and is one of the most well-respected US fund managers in the City. 

Threadneedle American returned 33% to investors last year, and has consistently outperformed the MSCI USA Growth index over the past 10 years.

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Securities Mentioned in Article

Security NamePriceChange (%)Morningstar
Rating
Threadneedle American Rtl Acc GBP4.96 GBP0.84Rating

About Author

Emma Wall  is former Senior International Editor for Morningstar

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