Former Ardevora head of distribution joins Chikara Investments

investmentweek.co.uk:

Rittner left Ardevora in December 2023 and on 15 January 2024, the firm announced that it will be shutting down after 14 years

Rittner left Ardevora in December, ahead of last week's announcement that the firm will be shutting down after 14 years due to a dramatic drop in assets under management.

He joined the firm launched by former Liontrust managers Jeremy Lang and William Pattisson in 2014 from Old Mutual Asset Management, where he was an institutional business director for Europe.

Ardevora Asset Management shuts its doors after 14 years

During his time at Ardevora, he helped the firm grow assets from $1bn to $14bn at its height and cultivated an «extensive» client base.

In his new role at Chikara, he will help bolster the firm's ongoing expansion, notably the recent fund launch for Jonathan Asante's former Stewart Investors Emerging Market team.

This team sits alongside Richard Aston's Chikara Japan Income and Growth equity strategy, as well as Andrew Draycott and Abhinav Mehra's Chikara India equity strategy. 

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Rittner said: «I believe that talented fund managers can deliver for clients when given the right environment.

»Chikara stands out as a firm that fosters such an environment, ensuring excellent client outcomes through its specialist teams — a viewpoint shared by many with whom I spoke before joining. I am thrilled to join and cannot wait to get started."

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