Headline: Leonard’s legacy Source: Euromoney Date: November 2001
Part of the reason that Carol Galley and her co-head, Stephen Zimmerman, sold the business in 1997 was because they had gone about as far as they could in their domestic market and wanted to explore the new frontiers in the US and Asia. Yet the business had been built firmly around its performance in UK equities, on the conviction of the likes of Galley, Zimmerman and, perhaps even more so, Leonard Licht, a legend in UK fund management. Among the young fund managers Licht brought into his team were Nicola Horlick and John Richards, both of whom now run SG Asset Management. In an interview with Euromoney earlier this year, Horlick’s admiration for Licht’s stock-picking skills was still clearly evident when she called him “the outstanding fund manager of his generation”. |