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M&G’s Simon Bailey quits small-cap fund

M&G Investments small-cap equity fund manager Simon Bailey is stepping down after nearly a decade in charge of the fund.

The manager is handing the £169m M&G smaller companies fund to Louise Nash, who joined M&G from Cazenove in 2008, on November 1.

The move comes as bottom-up manager Bailey, who has delivered top-quartile returns over his tenure, is to “develop a new role within the global equities team”.

M&G head of retail investment management Dave Fishwick adds: “Louise is ideally placed to take over from Simon, having worked side-by-side with him since joining M&G in July 2008.”


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