Russon has been co-manager on the £108m fund since joining the firm from Newton in April. He was previously manager of the Newton UK Opportunities Fund.
Mark Hall has headed up the fund since inception in September 2011, and in the past few weeks has been working with Russon in altering the fund’s portfolio.
The number of holdings has been reduced to less than 50 from 65, and going forward there will be a greater concentration of FTSE 100 firms within the portfolio.
Both small and large holdings have been shed as part of the move, and FTSE 100 companies are expected to account for around 60-90% of the portfolio going forward. Previously it held around a third in small, mid and large caps.
Hall also co-manages the Franklin Templeton UK Managers Focus Fund, but what does the news mean for him? Find out more on Portfolio Adviser later.
