Ludgate Investments director Meir to leave

Ex-Pioneer UK chief departs cleantech investor for “family reasons”

Nigel Meir is to leave his role as director at Ludgate Investments, the investment adviser to the institutional investor-backed Ludgate Environmental Fund.
Meir, who will depart at the end of this month for “family reasons”, is a former UK Head of Pioneer Investments. He joined Ludgate in 2005 with responsibility for the fund management business. He has been a Fund Manager of the Ludgate Environmental Fund since its launch in 2007.
Meir, a former medical doctor and diplomat, was CEO of Alpha Investment Management UK in London from 1998 to 2003. “Nigel Meir will be leaving at the end of May 2011 for family reasons,” Ludgate Environmental said in a client newsletter also said it plans a number of changes within its investment team, saying it plans to hire an investment analyst to its core investment team of Nick Pople, Bill Weil and Nick Curtis. Bill Weil is Chief Investment Officer while Pople will handle investor relations.

Ludgate Environmental’s investors include some major institutions. The Co-operative Insurance Society has a 13.45% stake and the South Yorkshire Pensions Authority holds 6.52%. Witan Investment Trust has just over 8%.

Ludgate said it is optimistic about 2011. The fund made its first significant exit from in April and the “pipeline of prospective investments remains strong”.