Changes inside Pie Funds

Taylor says while he remains the CEO, he will become the acting chief investment officer to allow Mark Devcich to focus on portfolio management and stock selection – in particular for the Australasian Funds.

He says recently there has been inconsistent performance across some of the Pie funds.

"As the “guardian” of Pie’s investment strategy, it is my role to make sure that our performance is continuously evaluated and fine-tuned in reaction to market dynamics," Taylor says in a recent newsletter.

"With global markets shifting into a period of heightened volatility, I believe I can add the most value to investors at present by dedicating my energy and experience as a full-time member of the investment team.