Standard Life Investments has confirmed it intends to soft-close its UK smaller companies fund
The £1.1 billion fund has been managed by Harry Nimmo since its launch in 1997. Nimmo additionally managed the UK opportunities fund in 2007 and continues to manage Scottish Widow’s HIFML UK smaller companies alpha fund.
Since the fund’s launch, there has been a return of 564.9 per cent to investors versus a sector average of 276.8 per cent.
Standard Life Investments head of UK wholesale Jacqueline Kerr says the fact the fund has passed the £1 billion mark has “prompted a review of capacity to ensure consistency of process for this style of mandate.This has led to the decision to soft close the fund.”