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The fund management team comprises a close-knit group of fund managers with more than 100 years of combined investment experience. The team has unrivalled experience in running multi-asset funds, having managed multi-asset mandates for the Prudential Life Fund and external clients for more than a decade. Their assets under management totalled more than £6.3bn as at 30 June 2016.
While each fund manager bears responsibility for the management decisions of each portfolio, the group functions as a true team, continually sharing and testing investment ideas and assessing a wide variety of macroeconomic data.
The team’s investment philosophy has succeeded throughout a set of crises in financial markets. We therefore believe that this philosophy is robust and has the ability to deliver attractive returns for investors in a variety of future market conditions.
Dave Fishwick is CIO of Macro and Multi Asset at M&G Investments and co-fund manager of the M&G Episode Macro strategy. Dave has more than 20 years of investment management experience, having joined Prudential Portfolio Managers (now M&G Investments) in 1987 as a European economist and subsequently being responsible for forming views on global bond and currency markets and applying them to multi-asset funds.
In 1994, Dave relocated to Australia where he was appointed head of fixed interest and asset allocation strategy in 1997. During that time, he developed his ideas on market behaviour and designed the strategy, philosophy and process implemented for an overlay mandate for the Prudential Life Fund upon his return to Europe in 1999. In light of the success of this mandate, the M&G Episode Macro strategy was launched in 2010, which follows the same strategy. Dave has a BSc in economics from Brunel University, London.
Eric Lonergan is Head of Multi Asset Research at M&G Investments. Eric is currently manager of the M&G Episode Defensive strategy, launched in September 2012, co-manager of the M&G Episode Macro strategy, launched in 2010, and co-manager of the M&G Episode Growth strategy. Prior to joining M&G, Eric was managing director and head of macro research at JP Morgan Cazenove. He has a BA in philosophy, politics and economics from Pembroke College, Oxford University, and an MSc in economics from the London School of Economics.
Tony Finding joined PPM (now M&G) in 1997 as an economist. Subsequently, he took responsibility for the generation of views on yield curve and foreign exchange trading opportunities. In 2001, Tony developed his expertise in credit and exotic fixed interest securities by spending time seconded to Prudential's US-based investment management team. Tony has been in his current role as a member of the multi-asset team since 1999. In January 2011, Tony was appointed co-manager of the M&G Episode Allocation strategy and the M&G Dynamic Allocation strategy. He has a BSc in economics from the LSE and is also a CFA charterholder.
Juan Nevado joined PPM (now M&G) in 1988 and has been working as part of the multi-asset team led by Dave Fishwick since 1999. Prior to joining M&G, Juan worked as a bond economist at the Bank of Montreal, and before that, as an economist for the Commodities Research Unit, a private business consultancy specialising in macro/micro research on commodities markets. Juan is co-manager of both the M&G Episode Allocation strategy and the M&G Dynamic Allocation strategy. Juan has a BSc in economics from the LSE and an MA in economics from Warwick University.
Jenny Rodgers joined PPM (now M&G) in 1994 as an analyst of European equity markets and a portfolio manager for external clients. She has been in her current role as a member of the multi-asset team since 1999. In January 2011, Jenny was appointed co-manager of the M&G Episode Growth strategy. Jenny is a CFA charterholder and has a BA honours in economics from Exeter University.
Steven Andrew joined M&G in 2005 as a member of the portfolio strategy and risk team, before moving to the multi-asset team, where he helped to formulate asset allocation strategies for M&G's multi-asset fund range. Steven is manager of the M&G Episode Income strategy, as well as manager of the M&G Income Allocation strategy launched in 2013. Before joining M&G, Steven worked at F&C Asset Management, Merrill Lynch and the Bank of England. He graduated from the University of London in 1997 with a degree in financial economics.
Craig Moran joined M&G in 2005 as a performance and risk analyst. He was appointed deputy fund manager of the M&G Episode Allocation strategy and the M&G Dynamic Allocation strategy in January 2011. Previously, he was fund manager assistant to the multi-asset team for three years, and in 2010 became an investment analyst in that team. Craig has a bachelor of business from Queensland University of Technology and a masters in applied finance and investments from the Financial Services Institute of Australasia. He is a CFA charterholder.
Maria Municchi joined M&G in 2009 as a fund manager’s assistant, having spent time in similar roles at UBS Asset Management and Barings Asset Management. As part of her role, Maria worked closely with the convertible bonds team and was responsible for developing quantitative models used to price the asset class. In 2011, Maria took on further responsibilities in communicating M&G’s convertible bond strategies to European and UK clients and later became an investment specialist, supporting the marketing efforts of M&G's multi-asset strategies in Europe. Maria played an active role in the launch of the M&G Income Allocation strategy, after which she transitioned into her current position as Deputy Fund Manager on the M&G Income Allocation and M&G Episode Income strategies. Maria holds a bachelor’s degree in Business Administration as well as a Master’s degree in International Finance and is a CFA charterholder.
Craig Simpson joined M&G in 2004 as a portfolio manager and is currently a co-deputy fund manager on the multi-asset team, with over 15 years’ experience in the investment industry. In February 2015, Craig was appointed Head of Portfolio Management for the team. Prior to joining M&G, Craig was a trainee fund manager at Equitable Life Assurance and an analyst at Pictet Asset Management. He graduated from the University of Aberdeen with a degree in land economics.