Di Bon was appointed head of global equities on 1 July, reporting directly to chief executive Katherine Garrett-Cox, and was poached from Fidelity where he was head of institutional global equities and manager of its $1bn Global Opportunities Fund.
Lanzer joined the firm on 1 October, reporting to Di Bon, as a portfolio manager on the global equities desk having had a similar role for the past four years with Schroders.
The announcement of the launch was made in the firm’s interim management statement in which it reported shareholder returns down by 8% as its net asset value fell by 7.6% during the three months to 31 October. Total assets now stand at £2.72bn.
Its discount widened slightly, by 1% to 16.6%.
Over the past three months, the firm’s asset management business has taken net inflows of £7.3m, largely into its £195m Monthly Income Bond Fund run by Gareth Quantrill and Stuart Steven.
During the firm’s AGM, it was announced that Lesley Knox is to stand down as chairman after ten years on the Board though a replacement has yet to be named.
