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Edinburgh loses CIO

Monday, November 5th 2001, 11:30PM
Mike Balfour, the manager and chief investment officer of Edinburgh Fund Managers (EFM), has resigned.
His role was to oversee the group’s investment process and he was also the named manager of Edinburgh Investment Trust, with responsibility for risk control, gearing and share buy-backs.
As a result of the resignation Robert Waugh, head of UK equities at EFM, has taken over responsibility for day-to-day management of the company.
Balfour’s resignation follows the departure of several key fund managers from EFM earlier this year and is seen as a significant loss.

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