{"success":true,"data":{"pressRelease":{"id":"162610","rtpr_id":"nPRr79865a-20261007","ticker":"CGT","exchange":"LSE","all_tickers":["CGT"],"title":"REG-Capital Gearing Trust P.l.c.: Change to Investment Management Team","author":"PR Newswire","published_at":"2026-10-07T06:00:15.527Z","article_body":"7 October 2026\n\nCapital Gearing Trust P.l.c.\n\n(the \"Company\")\n\n \n\nChange to Investment Management Team\n\n \n\n \n\nLegal Entity Identifier: 213800T2PJTPVF1UGW53\n\nCapital Gearing Trust (LSE: CGT), the FTSE 250 investment trust focused on\npreserving and, over time, growing shareholders' real wealth, is pleased to\nannounce that its Investment Manager, CG Asset Management (\"CGAM\"), has\npromoted Emma Moriarty to named Fund Manager across its multi-asset funds,\nincluding the Company, with immediate effect.\n\n \n\nEmma's appointment formalises and builds upon the influential role she already\nplays within the investment team, acting as recognition of the important\nexpertise and perspective she has brought since joining CGAM four years ago,\nfollowing eight years as a senior economist at the Bank of England. Notably,\nEmma has been a named manager of the three CGAM bond funds for the past two\nyears.\n\n \n\nIn her expanded role, Emma will manage Capital Gearing Trust and CGAM's other\nmulti-asset funds collectively with Chris Clothier and Peter Spiller, with all\nthree having the same level of decision-making responsibility. The increased\ndepth of the fund management team will also enable Alastair Laing to step back\nfrom his formal role as Co-Manager and focus further on his CEO duties. He\nwill remain an active contributor to Capital Gearing Trust as a member of the\nAsset Allocation Committee where he will continue to contribute to discussions\naround asset allocation, investment strategy and the broader market\nenvironment. Peter Spiller and Chris Clothier will continue in their roles as\nCo-Chief Investment Officers.\n\n \n\nWhile Emma's day-to-day involvement in the investment process will remain\nbroadly consistent, she will take on greater formal responsibility for the\nmanagement of the portfolios. As a named Fund Manager, Emma will have formal\noversight responsibilities in approving investments for inclusion within the\nportfolios and will play a central role in setting the agenda and managing the\nAsset Allocation Committee.\n\n \n\nAlastair Laing, CEO of CGAM, said, \"Since joining CG Asset Management, Emma\nhas become an increasingly important member of our investment team and has\nmade a significant contribution to both our investment thinking and the\nmanagement of our portfolios. Her macroeconomic experience and particular\nexpertise in fixed income and index-linked bonds complement the skills already\nwithin the team.\n\n \n\nEmma's appointment as a named Fund Manager is a natural recognition of the\nrole she is already playing within the business. Peter, Chris and Emma bring\nhighly complementary experience and perspectives to the management of Capital\nGearing Trust, and her appointment further strengthens the depth and\nresilience of the team for the long term.\"\n\n \n\nEmma Moriarty, Fund Manager to Capital Gearing Trust, said, \"I am really\npleased to take on the role of named Fund Manager of Capital Gearing Trust. In\nthe current environment, where geopolitical risks are elevated, inflation\nremains persistent, and equity valuations appear stretched, the Company's\ndefensive mandate and unparalleled long-term track record continue to stand\nout as an important offering in a volatile investment landscape. Having worked\nclosely with Peter and Chris since 2022, I am delighted to take on a greater\nrole in executing the disciplined, long-term investment philosophy that has\nunderpinned the Company's management to date. I look forward to continuing to\nwork with Peter, Chris and the wider CG Asset Management team to deliver on\nCapital Gearing Trust's investment objectives of preserving and growing\nshareholders' real wealth over time.\"\n\n \n\nFor further information contact:\n\nCG Asset Management Limited\n\nInvestment Manager\n\nTel:     020 3906 1649\n\nFrostrow Capital LLP\n\nCompany Secretary\n\ncompany.secretary@capitalgearingtrust.com       \n\nTel: 07376 982071\n\nSEC Newgate UK\n\nFinancial Communications\n\ncgam-cgt@secnewgate.co.uk\n\nTel: 020 3757 6882\n\n\n\nCopyright (c) 2026 PR Newswire Association,LLC. All Rights Reserved.","article_body_html":"","raw_payload":{"data":{"id":"nPRr79865a-20261007","title":"REG-Capital Gearing Trust P.l.c.: Change to Investment Management Team","author":"PR Newswire","ticker":"CGT","created":"2026-10-07T06:00:15.527Z","tickers":["CGT"],"exchange":"LSE","article_body":"7 October 2026\n\nCapital Gearing Trust P.l.c.\n\n(the \"Company\")\n\n \n\nChange to Investment Management Team\n\n \n\n \n\nLegal Entity Identifier: 213800T2PJTPVF1UGW53\n\nCapital Gearing Trust (LSE: CGT), the FTSE 250 investment trust focused on\npreserving and, over time, growing shareholders' real wealth, is pleased to\nannounce that its Investment Manager, CG Asset Management (\"CGAM\"), has\npromoted Emma Moriarty to named Fund Manager across its multi-asset funds,\nincluding the Company, with immediate effect.\n\n \n\nEmma's appointment formalises and builds upon the influential role she already\nplays within the investment team, acting as recognition of the important\nexpertise and perspective she has brought since joining CGAM four years ago,\nfollowing eight years as a senior economist at the Bank of England. Notably,\nEmma has been a named manager of the three CGAM bond funds for the past two\nyears.\n\n \n\nIn her expanded role, Emma will manage Capital Gearing Trust and CGAM's other\nmulti-asset funds collectively with Chris Clothier and Peter Spiller, with all\nthree having the same level of decision-making responsibility. The increased\ndepth of the fund management team will also enable Alastair Laing to step back\nfrom his formal role as Co-Manager and focus further on his CEO duties. He\nwill remain an active contributor to Capital Gearing Trust as a member of the\nAsset Allocation Committee where he will continue to contribute to discussions\naround asset allocation, investment strategy and the broader market\nenvironment. Peter Spiller and Chris Clothier will continue in their roles as\nCo-Chief Investment Officers.\n\n \n\nWhile Emma's day-to-day involvement in the investment process will remain\nbroadly consistent, she will take on greater formal responsibility for the\nmanagement of the portfolios. As a named Fund Manager, Emma will have formal\noversight responsibilities in approving investments for inclusion within the\nportfolios and will play a central role in setting the agenda and managing the\nAsset Allocation Committee.\n\n \n\nAlastair Laing, CEO of CGAM, said, \"Since joining CG Asset Management, Emma\nhas become an increasingly important member of our investment team and has\nmade a significant contribution to both our investment thinking and the\nmanagement of our portfolios. Her macroeconomic experience and particular\nexpertise in fixed income and index-linked bonds complement the skills already\nwithin the team.\n\n \n\nEmma's appointment as a named Fund Manager is a natural recognition of the\nrole she is already playing within the business. Peter, Chris and Emma bring\nhighly complementary experience and perspectives to the management of Capital\nGearing Trust, and her appointment further strengthens the depth and\nresilience of the team for the long term.\"\n\n \n\nEmma Moriarty, Fund Manager to Capital Gearing Trust, said, \"I am really\npleased to take on the role of named Fund Manager of Capital Gearing Trust. In\nthe current environment, where geopolitical risks are elevated, inflation\nremains persistent, and equity valuations appear stretched, the Company's\ndefensive mandate and unparalleled long-term track record continue to stand\nout as an important offering in a volatile investment landscape. Having worked\nclosely with Peter and Chris since 2022, I am delighted to take on a greater\nrole in executing the disciplined, long-term investment philosophy that has\nunderpinned the Company's management to date. I look forward to continuing to\nwork with Peter, Chris and the wider CG Asset Management team to deliver on\nCapital Gearing Trust's investment objectives of preserving and growing\nshareholders' real wealth over time.\"\n\n \n\nFor further information contact:\n\nCG Asset Management Limited\n\nInvestment Manager\n\nTel:     020 3906 1649\n\nFrostrow Capital LLP\n\nCompany Secretary\n\ncompany.secretary@capitalgearingtrust.com       \n\nTel: 07376 982071\n\nSEC Newgate UK\n\nFinancial Communications\n\ncgam-cgt@secnewgate.co.uk\n\nTel: 020 3757 6882\n\n\n\nCopyright (c) 2026 PR Newswire Association,LLC. All Rights Reserved."},"type":"article","timestamp":"2026-10-07T06:00:15.5624909Z","server_sent_at_ms":1791352815562},"received_at":"2026-10-07T06:00:15.613Z","source_url":null},"analysis":{"id":"151090","press_release_id":"162610","analysis_json":{"industry":{"label":"Capital Markets","sector":"Financials"},"redFlags":[],"eventType":"executive_change","narrative":"Capital Gearing Trust announced that its investment manager, CG Asset Management, promoted Emma Moriarty to named Fund Manager across its multi-asset funds, including CGT, effective immediately.\n\nMoriarty, a former senior Bank of England economist who joined CGAM four years ago, will manage the trust alongside Peter Spiller and Chris Clothier with equal decision-making responsibility.\n\nCEO Alastair Laing steps back from his formal Co-Manager role to focus on CEO duties but remains on the Asset Allocation Committee; day-to-day investment process is broadly unchanged.","sentiment":"neutral","agentHooks":{"shouldPost":false,"suggestedAngle":"Routine fund manager promotion deepening team bench strength -- no change to investment process or mandate."},"keyFigures":{},"quotedText":"Her macroeconomic experience and particular expertise in fixed income and index-linked bonds complement the skills already within the team.","namedEntities":{"people":[{"name":"Emma Moriarty","role":"Named Fund Manager, Capital Gearing Trust and CGAM multi-asset funds"},{"name":"Chris Clothier","role":"Co-Chief Investment Officer, CGAM"},{"name":"Peter Spiller","role":"Co-Chief Investment Officer, CGAM"},{"name":"Alastair Laing","role":"CEO, CG Asset Management"}],"products":[],"companies":[{"name":"Capital Gearing Trust P.l.c.","ticker":"CGT","relationship":"filer"},{"name":"CG Asset Management (CGAM)","relationship":"investment manager"},{"name":"Bank of England","relationship":"Moriarty's prior employer (context)"}],"dollarAmounts":[]},"materialImpact":{"score":1,"reasoning":"Routine internal promotion adding a named fund manager to an existing team; no departure, no change in investment process, and the CEO remains active via the Asset Allocation Committee."},"tickerRelevance":{"others":[],"primary":"CGT"},"globalImportance":8,"audienceRelevance":10,"eventTypeSecondary":[],"importanceComponents":{"tickerTier":"small-cap FTSE 250 investment trust","eventGravity":"routine internal promotion","issuerAuthored":true,"processContinuity":"high"}},"event_type":"executive_change","event_type_secondary":null,"sentiment":"neutral","material_impact_score":1,"narrative":"Capital Gearing Trust announced that its investment manager, CG Asset Management, promoted Emma Moriarty to named Fund Manager across its multi-asset funds, including CGT, effective immediately.\n\nMoriarty, a former senior Bank of England economist who joined CGAM four years ago, will manage the trust alongside Peter Spiller and Chris Clothier with equal decision-making responsibility.\n\nCEO Alastair Laing steps back from his formal Co-Manager role to focus on CEO duties but remains on the Asset Allocation Committee; day-to-day investment process is broadly unchanged.","key_figures":{},"named_entities":{"people":[{"name":"Emma Moriarty","role":"Named Fund Manager, Capital Gearing Trust and CGAM multi-asset funds"},{"name":"Chris Clothier","role":"Co-Chief Investment Officer, CGAM"},{"name":"Peter Spiller","role":"Co-Chief Investment Officer, CGAM"},{"name":"Alastair Laing","role":"CEO, CG Asset Management"}],"products":[],"companies":[{"name":"Capital Gearing Trust P.l.c.","ticker":"CGT","relationship":"filer"},{"name":"CG Asset Management (CGAM)","relationship":"investment manager"},{"name":"Bank of England","relationship":"Moriarty's prior employer (context)"}],"dollarAmounts":[]},"model_name":"glm-5.3-flashx","prompt_hash":"sha256:5c812bd9e28b810d","schema_hash":"sha256:05005c02d9cffac9","created_at":"2026-10-07T06:00:21.310Z","global_importance":8,"audience_relevance":10,"importance_components":{"tickerTier":"small-cap FTSE 250 investment trust","eventGravity":"routine internal promotion","issuerAuthored":true,"processContinuity":"high"}},"durationMs":5678,"modelName":"glm-5.3-flashx"}}