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November 27, 2014updated 04 Apr 2017 1:51pm

Majedie Asset Management’s co-founder to step down in June

Adam Parker, co-founder of Majedie Asset Management, is planning to step down from the firm on 30 June 2015 after 27 years in the fund management industry.

By Verdict Staff

Adam Parker, co-founder of Majedie Asset Management, is planning to step down from the firm on 30 June 2015 after 27 years in the fund management industry.

However, Parker will continue to stay as a consultant to Majedie on small cap corporate governance issues.

Richard Staveley, who currently co-manages the UK Smaller Companies fund with Parker, will assume full management of the fund during the transition process.

Prior to establishing Majedie in 2002, Adam was a member of the Alpha Team at Merrill Lynch Investment Managers (MLIM). He began his career in 1987 at Mercury Asset Management, which was later acquired by MLIM.

Parker said: "Majedie has progressed beyond our imaginings back in 2002 and I will leave behind a remarkable team. I remain personally invested in the UK Smaller Companies Fund and have no doubt that Richard will steward the portfolio successfully in the years ahead."

 

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