The reason for his departure after 13 years with SLI and his next move are yet to be confirmed.
SLI said Legget will be replaced as the fund’s manager by investment director in the UK Equities team Wes McCoy.
Legget’s fund has been a strong performer for SLI, consistently landing in the top quartile of the IA UK All companies sector.
“We can confirm that Ed Legget has resigned from the company,” said an SLI spokesperson. “Ed was part of our highly successful UK equities team and we would like to wish him well and thank him for his positive contribution to the UK equities team, and the business, over the last 13 years.”
“Wes joined Standard Life Investments in 1998 and launched the strategy in 2005. He went on to manage it for three years before leaving to pursue charity work in Malawi in 2008. Wes re-joined Standard Life Investments in September 2012,” the spokesperson added.
“There will be no change to the management style, philosophy or process. Continuity of investment performance and commitment to relationship management remain our key priorities. Wes will be supported by the UK Equities team which comprises 15 investment professionals.”
