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Somerset boosts top EM fund with double hire and fee cut

Somerset boosts top EM fund with double hire and fee cut

Somerset Capital Management has added to its global emerging markets team and will cut its fund’s fees next month.

Dhawal Mehta has been recruited from Reliance Asset Management to focus on India, and will be based in Singapore.

Mehta was head of Indian equities at Reliance, and previously served as an Indian equities fund manager at Deutsche Asset Management and AllianceBernstein.

Fergus Argyle has joined from Herald Investment Management to cover Europe, the Middle East and Africa. He will be based in London, and before Herald he was a member of BlackRock’s multi-asset team.

Earlier in his career at BlackRock, which began in 2008, Argyle was a UK small-cap analyst and a global credit analyst.

Separately, from 1 October Somerset will reduce the annual management charge on its Global Emerging Markets fund from 1% to 0.85%.

Managed by Citywire A-rated Edward Robertson, the fund has returned 16.4% over the past three years compared with a peer-group average of 11.8%.

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Edward Robertson
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