Rathbone High Income Accumulation

Hugh Yarrow
Located in: London

Hugh joined Rathbones in September 2002 after graduating from the University of Edinburgh with a 1st Class MA Honours in Philosophy and Mathematics.

Hugh has worked alongside Carl Stick on the Rathbone Income Fund since 2004, and was made assistant fund manager in 2006. In May 2006, he was appointed co-manager of the Rathbone High Income Fund, alongside Carl Stick and Julian Chillingworth, and was promoted to lead manager in April 2008. Hugh also co-manages institutional income mandates with Carl.

Hugh's role includes fundamental research on both individual companies and sectors of the market; and regular meetings with company management teams and analysts. He also assists with the development of the investment process and the integration of new graduates into the team.

Hugh holds the Investment Management Certificate and the Securities Institute Diploma. He has climbed Mt Kilimanjaro and Mt Blanc, and has taught mathematics at a girls school in Fiji.

Carl Stick
Located in: London

Carl graduated from the University of Southampton in 1991with a BA Honours degree in English Literature.

Having served in several non-investment related jobs, he took up a position as an assistant private client manager with stockbroking firm Neilson Cobbold, Tunbridge Wells in 1996 . Rathbones acquired Neilson Cobbold, and Carl transferred to London in 1998 . In August 1998, after two years as a discretionary investment manager, he became an assistant fund manager working alongside Hugh Priestley.

Carl took over the management of the Rathbone Income Fund in January 2000 (now with assistant fund manager Hugh Yarrow), followed by the management of the Rathbone Smaller Companies Fund (now managed by Marina Bond) in November 2000. In February 2002, he gained full responsibility for the Rathbone Special Situations Fund (now assisted by Sean Beck). In May 2006, Carl became co-manager on the Rathbone High Income Fund (now managed by Hugh Yarrow). He is also one of 10 managers involved in managing Skandia Investment Management's UK Best Ideas Fund, and runs a number of institutional income mandates alongside Hugh Yarrow.

Since October 2001, Carl has been a Board Director of Rathbone Unit Trust Management and plays a key role in the development of Rathbone's investment process and business strategy. He is also I.I.M.R-qualified and a Fellow of the Securities Institute

Carl has run the London Marathon in 2004, 2005, 2006, 2007 and 2008 in support of the Multiple Sclerosis Society, having raised over £20,000.

Julian Chillingworth
Located in: London

Julian joined Rathbones in July 2001 as Deputy Chief Investment Director. He was appointed as a Board Director of Rathbone Unit Trust Management Limited in October 2001, and then Chief Investment Officer in August 2002.


Julian is responsible for managing the Rathbone Income and Growth Fund and is also co-manager of the Rathbone Ethical Bond Fund. Julian also co-managed the Rathbone High Income Fund since May 2006 (now managed by Hugh Yarrow). He plays a key role in the ongoing development of Rathbone's investment process, and is a recognised commentator on macro-economic and investment-related issues in national and international media.


Julian has over 28 years of investment experience gained within organisations such as James Capel; Global Asset Management; and Bankers Trust. Immediately prior to joining Rathbones, he was Head of UK Balanced Funds and Head of UK Equities at Investec Asset Management.


Julian has a BSc Honours in Chemistry from the University of Southampton. He has white-water rafted on the Angolan/Namibian border and para-glided at Val d' Isere.