It was announced on Wednesday that Luke Biermann, manager of the firm’s European Smaller Companies fund, would be picking up the UK mandate.
Meakin said that while there was “no immediate cause for concern,” “the experience of the managers and the implementation of their investment process were important factors in our positive view of the fund.”
“We will work quickly to assess the situation, but in the meantime and as we await further information, we are placing the fund’s Morningstar analyst rating under review.”
