View more on these topics

Investec nabs from Threadneedle for UK Smaller Companies

Investec Asset Management has poached Matt Evans from Threadneedle to manage its £330m UK Smaller Companies fund.

Evans co-managed the Threadneedle UK Smaller Companies and Threadneedle UK Mid 250 funds as well as a number of institutional mandates, and was also sole manager on the Threadneedle Ethical UK fund.

Evans previously spent 14 years at Legal & General Investment Management as a UK equities fund manager specialising in the small cap sector.

UK client group managing director David Aird says Evans has an “excellent track record” in UK small and mid-cap equities.

“Positioning his expertise within the Investec Quality Team alongside our UK Alpha and UK Equity Income funds provides our clients with a compelling choice of UK equity-centric funds that further deepens our capability in this area.”

The funds are managed by Simon Brazier and Blake Hutchins respectively.

Aird says they are receiving a lot of demand from adviser and wealth management clients for unconstrained highly active UK equity funds, which offer investors “more consistency in today’s uncertain markets”.

Evans joins after the summer.

Current managers Ken Hsia and Calum Joglekar will remain within Investec Asset Management’s 4Factor team and will focuson the Luxembourg-based Investec GSF European Equity fund.

A Columbia Threadneedle spokesperson says existing co-manager James Thorne will become lead manager of their UK small and mid cap funds, supported by members of Columbia Threadneedle’s UK equities team.

Recommended

MM Leader: Who gets the crime job?

The Home Office and the Treasury appear locked in a tussle over who will take on responsibility for criminal enforcement powers under the new regulatory structure. Documents leaked to The Times suggest the Home Office is considering moving responsibility for pursuing financial crime to the new National Crime Agency. The Treasury intends to transfer the […]

Money Partners to cut up to 65 jobs

Money Partners has confirmed it is to enter into a consultation with employees which could see up to 65 job cuts. The consultation, which is expected to commence on or around 26 March, will last for a period of no less than 30 days. No redundancies will be made during this time.The majority of the […]

Savings-Money-Currency-Business-Finance-700.jpg
25

FOS ruling on unsuitable Ucis advice called into question

The way in which the Financial Ombudsman Service judges advice to invest in unregulated collective investment schemes has been called into question after it upheld a complaint from a high-net-worth and sophisticated investor. The FOS has seen a “steady increase” in Ucis complaints over the past six months and is currently reviewing around 800 complaints. […]

Need guaranteed, increasing retirement income? This may be the answer

It’s well known that people tend to become more financially conservative the closer they are to retirement, and grow increasingly cautious with their pension savings. At that point the focus is often more about protecting accrued savings rather than building funds for retirement. This has become even more topical after pension freedoms were introduced in […]

Newsletter

News and expert analysis straight to your inbox

Sign up

Comments

    Leave a comment