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Manduca back from break to head UBS small cap team

Former Gartmore star manager Frank Manduca has joined UBS Global Asset Management as head of its UK small cap team after taking a six-month break from the industry.

Manduca, who resigned from his role as UK smaller companies manager at Gartmore in March after a period of underperformance, will take charge of the small cap team in advance of its push into the UK retail market this month.

UBS will offer a UK small cap fund to accompany the move but says it cannot confirm whether Manduca, who will report to head of European equities Richard West, will be manager or when the fund will be launched next year.

Manduca says: “It is a very exciting opportunity. UBS Global Asset Management is a great firm with a talented team and excellent product. I think it is somewhere where I can make an impact.”

UBS head of retail Graham Kane says: “Frank has many years of investment experience and we are delighted that he is joining our team ready for launch into the UK retail market.”

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Neptune video: a bull case for US equities?

Watch Felix Wintle, head of US equities at Neptune, discuss why he believes US equities are in a structural bull market and the key factors that can drive the S&P 500 higher.

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