M&G Credit Income (MGCI) has announced that lead fund manager, Jeremy Richards, will shortly leave the company for personal reasons. His position will be taken by Adam English, who is currently deputy fund manager.
In a statement, the company said: “The board is grateful to Jeremy for his work on the portfolio since inception and is delighted that Adam English has been appointed as fund manager. Adam has been managing credit portfolios at M&G, alongside Jeremy, for over 20 years having joined the business in 1999. The board has worked closely with Adam and the wider investment team since the launch of the company and has full confidence in Adam’s ability to continue to build the portfolio in line with the investment mandate.”
About MGCI
MGCI aims to generate a regular and attractive level of income with low asset value volatility. MGCI seeks to achieve its investment objective by investing in a diversified portfolio of public and private debt and debt-like instruments. Over the longer term, it is expected that the company will be mainly invested in private debt Instruments, which are those instruments not quoted on a stock exchange.
MGCI: Jeremy Richards to leave M&G Credit Income