Columbia Threadneedle investment trust veteran Peter Hewitt to retire
He will step back from the company’s Income and Growth portfolios in October.
- Jonathan Jones
- 2 min reading time
Source: Trustnet
Veteran investment trust picker Peter Hewitt is to retire from fund management in October after 17 years running the £147.5m market capitalisation CT Global Managed Portfolio Trust.
From 1 June 2025 the portfolios will be managed by Adam Norris and Paul Green, who will be supported by Hewitt until his retirement at the end of October.
They will fall under the broader EMEA multi-asset solutions team (of which they are members), which is headed by F&C Investment Trust fund manager Paul Niven.
Norris and Green have a combined 35 years of investment experience and currently manage a number of income and global growth multi-asset, multi-manager portfolios with assets totalling circa £1bn, Columbia Threadneedle said in a statement.
“While the new portfolio managers have some different perspectives on how the portfolios should be positioned, the company will continue to invest in a broad spread of investment companies, covering a variety of geographies, sectors and investment managers,” Columbia Threadneedle noted.
Since its launch in April 2008, the trust has made investors 155.4%, almost double the returns of the average peer in the IT Flexible sector and 23 percentage points behind the FTSE All Share index.
Performance of trust vs sector and benchmark since launch
Source: FE Analytics
James Carthew, head of investment company research at QuotedData, said: “We’ll be sorry to see Hewitt go. CT Managed Portfolio shareholders will miss the benefit of his wisdom. I wish I wasn’t unnerved by the line ‘the new portfolio managers have some different perspectives on how the portfolios should be positioned’ but I am. The thinking behind that will need communicating to investors.”
Important legal information
Lloyds and Lloyds Bank are trading names of Halifax Share Dealing Limited. The Lloyds Bank Direct Investments Service is operated by Halifax Share Dealing Limited. Registered Office: Trinity Road, Halifax, West Yorkshire, HX1 2RG. Registered in England and Wales no. 3195646. Halifax Share Dealing Limited is authorised and regulated by the Financial Conduct Authority, 12 Endeavour Square, London, E20 1JN under registration number 183332. A Member of the London Stock Exchange and an HM Revenue & Customs Approved ISA Manager.
The information contained within this website is provided by Allfunds Digital, S.L.U. acting through its business division Digital Look Ltd unless otherwise stated. The information is not intended to be advice or a recommendation to buy, sell or hold any of the shares, companies or investment vehicles mentioned, nor is it information meant to be a research recommendation. This is a solution powered by Allfunds Digital, S.L.U. acting through its business division Digital Look Ltd incorporating their prices, data news, charts, fundamentals and investor tools on this site. Terms and conditions apply. Prices and trades are provided by Allfunds Digital, S.L.U. acting through its business division Digital Look Ltd and are delayed by at least 15 minutes.
Data provided by FE fundinfo. Care has been taken to ensure that the information is correct, but FE fundinfo neither warrants, represents nor guarantees the contents of information, nor does it accept any responsibility for errors, inaccuracies, omissions or any inconsistencies herein. Past performance does not predict future performance, it should not be the main or sole reason for making an investment decision. The value of investments and any income from them can fall as well as rise.
© 2025 Refinitiv, an LSEG business. All rights reserved.