Simon manages The Merchants Trust and specialises in managing UK equity income portfolios.
He joined AllianzGI in April 2006 from HSBC Halbis Partners where he managed over £900m in high income funds as well as core institutional and life UK equity portfolios.
Prior to joining HSBC in 2001, Simon worked for 14 years at Phillips & Drew Fund Management / UBS Asset Management where he was involved in all aspects of UK equity fund management, including research, portfolio management and account director roles.
He graduated in 1987 from Cambridge University with an honours degree in mathematics and is an associate of the UK Society of Investment Professionals.
Merchants was established in 1889. Today the Trust invests in a diversified portfolio of large, well-established and well-known UK companies. These companies are able to grow their sales over time or cut costs in order to preserve or improve their profit margins. This enables them, in general, to maintain and increase their dividends over time.
Here’s my conversation with Simon Gergel, portfolio manager of The Merchants Trust Plc, in episode 481 of Informed Choice Radio.