Barings has confirmed that it will part company with Japanese equity manager Joji Maki as part of a continuing process of relocating all of its developed markets equity team to London.
Maki currently leads Barings' Japan equity team in Tokyo, and has managed Japan Growth trust since August 2000. The fund is fourth quartile in the IMA Japan sector, having lost 22% in the 12 months to 3 December (bid-to-bid, according to Lipper). Maki will leave Barings in the first half of 2009 on completion of the move. This follows a successful relocation of the firm's US equities team to London earlier this year.
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