Capital Group’s global equity fund manager Richard Tennant (pictured) will join Goodhart Partners to lead the launch of a global small-cap fund. Tennant rejoins former Fidelity colleague, Russell Champion, who moved to the firm alongside Andrew Heap earlier this year.
Tennant’s appointment brings the total number of investment professionals in the firm’s global equity team to 10.
Gary Tuffield, partner at Goodhart, commented: “We are thrilled to have been able to attract another investor of Richard’s calibre and experience to Goodhart. As both an analyst and portfolio manager, he has an outstanding reputation among his peers for identifying companies with the ability subsequently to generate significantly outsized returns. I have no doubt that this will result in highly differentiated, forward-looking portfolios.
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Commenting on his appointment, Tennant said: “I’ve had the great fortune to build my career over the past 20 years in two large, global firms. Throughout this time, I have had the privilege of working with, and learning from, some of the most respected equity investors in the world. I am excited by the opportunity to apply my process and philosophy to a broader investment universe.”
Tennant began his investment career as an equity analyst at Fidelity in 2005. As one of just 12 analysts chosen to be mentored by Anthony Bolton, in 2012 he assumed management responsibilities for mid- and small-cap pan-European equity portfolios, working alongside veteran small-cap specialist Colin Stone.
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Since 2018 he has worked at Capital Group, managing a concentrated portfolio of small- and mid-cap European and North American companies.
Goodhart is a London-based global equity investment boutique with £552m in AUM.