SVM UK equity fund retains top rating after Assetco deal
But fund belonging to subsidiary R&M run by Hugh Sergeant loses accolade
But fund belonging to subsidiary R&M run by Hugh Sergeant loses accolade
Roger Lewis only joined R&M in February 2021
Freshly promoted head of equities James Sym and portfolio manager William Lough tapped to run the strategies
As the company plans to attract more investors by sub-dividing its ordinary shares
Equities team saw significant reshuffle ahead of Assetco acquisition, including Dan Hanbury’s exit
Just two ballots were cast against the deal
Takes his stake in the business to 0.22% ahead of Assetco investors giving the acquisition their final stamp of approval
Fund group says outflows since announcement of Dan Hanbury’s departure have been ‘modest’
Liontrust Strategic Bond fund also sees rating yanked ahead of David Roberts’ retirement
Follows hot on the heels of Dan Hanbury’s resignation
Matt Hudson left Schroders two years ago
‘Asset management is a people business and individuals leaving and joining organisations is a regular occurrence’