Tellworth's Seb Jory leaves UK equity fund in co-founder's hands
Seb Jory (pictured), is leaving Tellworth Investments after six years at the firm.
Jory was co-manager on the TM Tellworth UK Select fund, which will now be overseen by colleague and co-founder of the business John Warren.
Warren will be joined by Johnnie Smith, who is listed as a manager on three Tellworth funds, according to the firm's website.
Tellworth soft closes UK Select fund
The outgoing manager joined Tellworth in December 2017, prior to which he was head of strategy and stock selection at Liberum, focusing on analysis of FTSE 350 firms.
In a statement, Tellworth thanked Jory for his tenure at the business and wished him well «in his future endeavours».
The TM Tellworth UK Select fund was soft closed earlier this year, after a surge of inflows created capacity issues.
The strategy has a maximum capacity of £750m in assets under management, but AUM had grown to £596m at the time of its soft close, a near nine-fold increase from the start of 2022. Its AUM now stands at £171m and is being marketed to investors again.
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