Born in 1957, David Houston attended Aberdeen University where he obtained a degree in Law. After qualifying as a solicitor and working as a shipbroker on the Baltic Exchange for five years, David started his investment career in 1987 as an analyst at Scottish Life before becoming a fund manager at F&C (formerly Ivory and Sime) in 1989. He spent three years at Global Asset Management and in 1997 he became investment director of Kempen Capital Management (UK) and worked to build the European small cap business. In 2000 he co-founded Euronova Asset Management, a European smaller company specialist. In 2004 David joined Berenberg Bank to manage the Berenberg Euro Mid & Small Cap Fund, and was the head of the Berenberg European Smallcap Team based in Edinburgh until February 2009. At present he manages the Vontobel European Mid and Smallcap Fund and since October 2009 rejoined Euronova as a partner bringing the Vontobel fund with him. His investment style is active bottom up stock picking. In his spare time David enjoys golf, walking, skiing, sailing and is a keen sports spectator.
The sub-fund aims to achieve the highest possible capital growth. The sub-fund mainly invests in equities and equity-like securities. The sub-fund may also hold cash. The sub-fund mainly invests in securities issued by small and mid cap companies that are based and/or conduct the majority of their business activity in Europe.
- United Kingdom