New manager for Newton Global Opportunities Fund
Newton has announced the appointment of Robert Hay as manager of its Global Opportunities Fund. This follows the departure of Alex Stanic earlier this month, who left to join River & Mercantile as Head of Global Equities.Mr Hay has been at Newton
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for 8 years and is an experienced investor and until now has been managing concentrated global portfolios for Newton’s private client division. In our opinion existing investors in the fund should allow Mr Hay an opportunity to demonstrate his ability. We do not believe the change in manager is a reason to switch.The Newton Global Opportunities Fund is currently soft-closed. This means that Newton has chosen to discourage further new investment into the fund by not paying any initial commission. As such we are not able to offer any discount on this fund and investors wishing to buy it will face an initial charge of 4%.Stuart Goodwin, Analyst
