Continuity of fund manager can be important when investing, meaning that investors know that a trust’s track record has been generated by the same person or team as is currently managing the fund.

The research found that of the 186 investment companies that have been in existence for 10 years or more (excluding VCTs), 83 have had the same manager for at least 10 years (45 per cent). Furthermore, 25 per cent of member companies (46) have had the same manager for at least 15 years, and 12 per cent of member companies (23) have had the same manager for at least 20 years.

The longest serving manager in the sector is Hugh Mumford, who has managed Electra Private Equity for an impressive 33 years and 9 months, joining on 30 September 1981.

The UK Equity Income sector is notable for its long-serving managers, including James Henderson, who has managed Lowland since 1 January 1990, and Job Curtis, who has managed City of London since 1 July 1991. Alastair Mundy has managed Temple Bar since 1 June 2000. In the Global sector, James Anderson began managing Scottish Mortgage on 1 April 2000.

Aberdeen Asian Smaller Companies has been managed by the same team of five managers since 19 October 1995, comprising Hugh Young, Flavia Cheong, Chou Chong, Adrian Lim and Christopher Wong. Hugh Young has also managed Aberdeen New Dawn since launch in 1989.

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Longest serving investment company managers (for member companies which have existed for at least 10 years)

Hugh Mumford – Electra Private Equity (Spl) – 33 yrs 9 mnths

Peter Spiller – Capital Gearing – 33 yrs 6 mnths

Simon Knott – Rights & Issues – 31 yrs 6 mnths

Christopher Mills – North Atlantic Smaller Companies – 31 yrs 6 mnths

Angela Lascelles – Value & Income – 29 yrs 6 mnths

Matthew Oakeshott – Value & Income – 29 yrs 6 mnths

Hugh Young – Aberdeen New Dawn – 26 yrs 2 mnths

Dr Mark Mobius – Templeton Emerging Markets UK – 26 yrs 1 mnth

James Henderson – Lowland – 25 yrs 6 mnths

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