Cavendish Asset Management refreshes fund management team – Wealth Adviser

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Cavendish Asset Management has made changes to the structure of the TM Cavendish funds, which see an experienced expert in UK and US investment and an Asian stock market guru take prominent positions.Tom Donneky, previously of Russell Investments, and Asian equities expert Liz Evans have taken over as managers of the TM Cavendish UK Balanced Income Fund and International Fund, respectively. In his new role, Donneky will discontinue his US involvement. Evans previously managed the TM Cavendish Asia Pacific Fund from launch to its merger with the TM CavendishInternational Fund, while Donneky has had a leading role helping in the management of equities and in investment strategy. They take over from Julian Lewis, who remains in his position as Chief Investment Officer (CIO).  
 
“Both Tom and Liz have extensive investment experience and expertise which will enable Cavendish to deliver continued success to the UK Balanced Income and International Funds,” says Lewis.
 
In further movements across the firm, Nick Burchett will be joining forces with Paul Mumford in jointly managing the renowned AIM and Opportunities Funds. Burchett and Mumford are no strangers to each other, having worked in tandem to advise the firm’s clients for over two decades, with a focus on investment timing. Recently, Burchett has been working to bring an extra dimension of process to the trade execution side of the firm, driving down execution costs, streamlining third party commissions, and ensuring best practice in line with MIFID II.
 
Mumford, Senior Fund Manager at Cavendish, says: “Nick and I have a tried and tested working relationship, and a lot of this is down to us seeing eye to eye on the fundamentals of investment – including the importance of getting to know the companies you invest in inside-out. The complementary combination of my stock-picking skills and Nick’s insight into timing trading has brought a lot of success to the AIM and Opportunities funds, which makes this move a natural next step for the fund.”