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.