Kernohan was also co-manager of the £381m Dunedin Income Growth (DIG) investment trust with Citywire AAA-rated Ben Ritchie, who will now take up the reins as sole lead manager. Kernohan also ran the £38m ASI UK Responsible Equity fund.
‘I’m delighted to be succeeding Louise as lead manager of the ASI UK Equity fund, a portfolio I have been closely involved with for the last two and a half years,’ Millington said.
‘To continue the team ethos which is at the heart our UK equity business and the Fund, Samantha Brownlee and Georgina Cooper will support me in managing the fund. I would like to thank Louise for her hard work over the years and wish her all the best for future.’
Brownlee joined the business in 2008 and is currently an investment director within ASI’s North American Equity team. Cooper has been a member of ASI’s 16-strong UK equity team for five years.
Kernohan was among the ASI fund managers to sell Boohoo (BOO) in July after damaging revelations about working conditions in the fast fashion group’s supply chain. The stock had accounted for 3.6% of her Responsible Equity fund.