Evans will join the asset manager in October, and will work alongside James Thorne, fellow UK small cap manager, and will report to head of UK equities Simon Brazier.
He is currently senior fund manager at Legal & General Investment Management, where he specialises in UK smaller companies. He has been with the firm since 1998.
The Threadneedle UK small and mid-cap team manage £1.44bn, while the firm has around £16.7bn invested in UK equities.
The Threadneedle UK Smaller Companies Fund currently has around £122.1m under management, which it invests mainly in shares in companies lisyed on the Hoare Govett Smaller Companies Index and the London Stock Exchange’s Alternative Investment Market.
The funds top holdings currently include Ted Baker, Paypoint and Oxford Instruments. Its performance over the past year is shown in the graph below.
true
Earlier we reported a shake-up at L&G which sees its unit and trust business become a part of investment management arm LGIM.
