Steven Noble, the CIO of Supermarket Income REIT’s investment adviser Atrato Capital, has stepped down from his role.
Noble will be pursuing a new position at Assura, while Atrato will continue as investment adviser with Ben Green, Rob Abraham and Mike Perkins managing the trust.
Nick Hewson, chair of Supermarket Income REIT, said: “Steven leaves with the company’s portfolio well positioned to deliver long-term value for our shareholders. On behalf of the board, I would like to wish him well for the future.”
See also: abrdn switches fixed income leadership as global fixed income head exits after 22 years
Noble has worked with the trust since its launch seven years ago. In the past five years, the trust has felt a loss on its share price total return of 4.3%, compared to a sector average loss of 5.6%, according to the Association of Investment Companies. Yet in the past year, share price total return reached 9.6%, with a sector average of 7.9%. The trust trades on a 15.5% discount.
Ben Green, principal of Atrato Capital, said: “Steven has been with us since the beginning and has helped us build a deep bench of talent at Atrato. He has mentored and trained the next generation, meaning all his current responsibilities will be taken on by colleagues. Steven has also made a great contribution to the culture of the firm and we wish him every success in his new role.”
