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David Taylor to head HSBC smaller companies division

Former GT Global smaller companies fund manager David Taylor is joining HSBC Asset Management as it attempts to halt a £15m wave of redemptions.


Taylor will head up HSBC&#39s smaller companies division. He replaces Ashton Bradbury who is leaving for Hill Samuel Asset Management next month.


The HSBC Smaller Companies fund has been hit by £15m in redemptions since Bradbury announced his resignation.


Taylor left Invesco at the end of September. He ran the £9.5m GT Smaller Companies fund which is being merged with the £140m Invesco small cap trust run by Andy Crossley.


Following the £690m takeover of GT by Amvescap, which owns Invesco, in January the retail trusts of both groups are being merged.

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