Since launch in 2007, Rodger McNair has been F&C UK High Income’s manager. The fund has just passed a milestone. There is a performance related trigger for a continuation vote every five years. Over the five years ended 31 March 2017, F&C UK High Income has outperformed its benchmark. This means there is no need to hold a continuation vote at this year’s AGM and a new performance measurement period has started that will end in March 2022.
Having successfully achieved the performance hurdle, Rodger has indicated his intention to step down from this role and he will leave F&C later this year. The Board is pleased to announce that Philip Webster will become fund manager of the company with immediate effect. Philip has worked closely with Rodger since joining F&C from Aberdeen Asset Management in 2016. He is a senior member of the F&C investment team with 11 years’ experience in managing investment companies. The Board believes that he is very well suited to the role and therefore to continue the delivery of strong investment performance for the company.
FHIU / FHIA / FHIB : Rodger McNair to step down from F&C High Income