Tom Dobell to step down as manager of M&G Recovery Fund

1 min read 17 Sep 20

Summary: London, 17 September 2020 - M&G today announces that Tom Dobell, manager of the M&G Recovery Fund, will step down from his fund management responsibilities and leave M&G at the end of December. Michael Stiasny will take over the management of the M&G Recovery Fund from Tom at that time.

The change, which is part of an ongoing review of M&G’s mutual fund range, will also see a refreshed investment approach for the Fund, with an increased focus on the unloved midsized companies which have contributed most to value creation over the Fund’s lifetime and the valuation opportunities so often found when companies are going through difficulty. There will be no change to the Fund’s investment objective and policy.

During Michael Stiasny’s 20-year career at M&G, he has headed the equity research team and has managed funds including Charifund, the M&G UK Income Distribution Fund and the M&G Dividend Fund. Michael will continue to manage his existing funds alongside the M&G Recovery Fund and the wider team will in time be strengthened with a senior hire to support Michael.

The views expressed here should not be taken as a recommendation, advice or forecast.

The value and income from any fund's assets will go down as well as up. This will cause the value of your investment to fall as well as rise. There is no guarantee that any fund will achieve its objective and you may get back less than you originally invested.