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Jupiter hires second Columbia Threadneedle European star

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Jupiter hires second Columbia Threadneedle European star

Jupiter has raided Columbia Threadneedle's top European equity team once again with the hire of Citywire A-rated Mark Heslop

The appointment comes after Jupiter hired Heslop's colleague Mark Nichols at the start of the month to replace Alexander Darwall on £7.7 billion worth of European funds. 

Jupiter plans to launch a European Smaller Companies fund for Heslop (pictured), who has continuously carried a Citywire rating since the start of 2017, once he joins the company in September. 

He manages over £2.7 billion in assets in his European small cap strategy and £514 million in the Threadneedle Global Smaller Companies fund.

The Threadneedle European Smaller Companies fund returned 38.1% in the three years to the end of March compared with an average of 30.1% in the European Small & Medium Companies sector, ranking 14/76 among its peer group. 

It has an even stronger long-term track record, returning 67.2% over five years compared with an average of 46.9% and 347.5% over 10 years compared with an average of 273.4%, ranking 6/64 and 10/52 over the respective periods.

Jupiter chief investment officer Stephen Pearson said: ‘We are delighted to have recruited someone of Mark’s calibre to Jupiter. With a long and high-quality track record in this specialist sector, his experience will add further strength to our European equity capability and broaden our product range in this important asset class.

‘Small company investing is a natural fit for Jupiter as an active, bottom up stock picking firm and Mark’s recruitment adds to our current offering in UK and US small companies.’

Columbia Threadneedle has promoted two members of its investment team to cater for Heslop's departure. 

Mine Tezgul, who joined the firm last year, will become deputy manager of the firm’s Europe ex UK Small Cap portfolios.

Meanwhile, Scott Woods, who joined in 2015, will become manager of the Threadneedle (Lux) Global Smaller Companies fund, stepping up from his position as deputy portfolio manager.

'We emphasise succession planning and are taking the opportunity to develop and progress our talent following changes in the team,' Columbia Threadneedle deputy global CIO and CIO, EMEA Mark Burgess said. 

'We have a market-leading developed equities capability with a team-based philosophy, a deep bench of talent at all levels and a track record of developing emerging investors into leading portfolio management roles. 

'Mine and Scott bring significant experience in the European and global equity space and have both shown clear potential to successfully manage client portfolios.' 

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15/70 in Equity - European Small & Medium Companies (Performance over 3 years) Average Total Return: 49.61%
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