Investec’s Waghorn and Lacey quit for commodities trader
Investec Asset Management’s energy fund managers, Mark Lacey and Jonathan Waghorn, are leaving the firm to join a physical commodities trader.
The group confirmed the pair will leave on 1 July, handing their three portfolios to Bradley George, head of commodities and resources, with immediate effect.
Lacey and Waghorn joined Investec in February 2008 from Goldman Sachs to take over the Global Energy fund from Tim Guinness, who was running the fund on an outsourced basis.
In January 2010 they launched the Enhanced Global Energy fund, using derivative instruments to take long and short positions.
This article was first published on Investment Week