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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 Assurance Company Life Fund and other external clients for more than a decade.
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.
The value of investments will fluctuate, which will cause prices to fall as well as rise and investors may not get back the original amount they invested.
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 Assurance Company 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.
Tristan Hanson was appointed fund manager of the M&G Global Target Return strategy upon its launch in December 2016. Tristan has over 15 years of experience in asset management and joined M&G in April 2016 from Ashburton Investments, where he started in 2008 and was appointed Head of Asset Allocation with responsibility for global multi-asset strategies in 2010. Prior to this, Tristan worked as a Strategist at JP Morgan Cazenove from 1999 to 2006, covering equities, fixed income and currencies. Tristan holds a Master in Public Administration in International Development from Harvard University’s Kennedy School of Government and a BA (Hons) in Economics from Durham University. He is a Chartered Fellow of the CISI.
Tony Finding joined the company 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.
Steven Andrew joined M&G in 2005 as a member of the portfolio strategy & 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. In November 2010, Steven was appointed manager of the M&G Episode Income Fund. He is also fund manager of the M&G (Lux) Income Allocation Fund and held the same position on the UK-authorised OEIC which merged into this fund on 16 March 2018. 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 is co-fund manager of the M&G (Lux) Conservative Allocation Fund and the deputy fund manager of the M&G (Lux) Dynamic Allocation Fund. He held the same positions on the UK-authorised OEIC which merged into these funds on 16 March 2018. Since 2011 he has been the deputy fund manager of the M&G Episode Allocation Fund, a UK-authorised OEIC. Craig joined M&G in 2005 as a performance and risk analyst and was later promoted to a fund managers’ assistant to the Multi Asset team. In 2010, he became the team’s investment analyst. Craig holds a bachelor of business degree 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 and is a member of the Multi Asset team. She is Fund Manager for the M&G (Lux) Sustainable Allocation Fund. Deputy fund manager for the M&G Episode Income Fund and M&G (Lux) Income Allocation Fund. Maria held the same position on the M&G Income Allocation Fund, a UK-authorised OEIC which merged into the M&G (Lux) Income Allocation Fund on 16 March 2018. Before joining M&G, Maria worked at Barings and UBS Asset Management. She has an MSc in international management and finance and is a CFA charterholder.
Craig Simpson joined M&G in 2004 as a portfolio manager and is a member of the Multi Asset team, with over 15 years’ experience in the investment industry. In February 2015, he was appointed head of portfolio management for the Multi Asset team. Prior to joining M&G, he 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.
Marc joined M&G in March 2017 and was appointed manager of the Prudential Global Funds at that time. Marc joined Prudential in 1999 as a Portfolio Manager, was Head of Equity until December 2009, and CIO until July 2016. He is responsible for managing the Prudential Assurance Company's international portfolios and is Portfolio Manager of the Global Value Fund of Funds and Global Cautious Managed Fund of Funds. He holds an MBA from University of Cape Town and a BSc in Electrical Engineering from University of the Witwatersrand.
Christophe Machu joined the Multi Asset and Convertibles teams as an associate investment specialist providing support for M&G's multi-asset fund range and the M&G Global Convertibles Fund in September 2014. He initially joined M&G in 2012 as a sales support in Paris before moving into the International Marketing team in London. Christophe has an MSc in risk and finance from EDHEC Business School.