Schroders' Jenny Jones to Retire

Schroders' Jenny Jones, manager of two Silver Rated funds, will retire later on in 2019, handing over her responsibilities to co-manager Bob Kaynor

David Brenchley 18 January, 2019 | 3:11PM

Jenny Jones, Schroders, Schroder US Mid Cap, fund manager exit

Jenny Jones will retire from Schroders in 2019, the company said in a statement on Friday, with Bob Kaynor replacing the veteran as head of US small-cap and SMID equities.

Jones will end her 16-year association with Schroders, where she runs the Morningstar Silver Rated £1.6 billion US Mid Cap and £768 million US Smaller Companies funds alongside Kaynor, on 31 March 2019 but be available in an advisory capacity for several months, the firm said.

Kaynor will take on leadership of the team as well as Jones’s portfolio management at the end of March, with “a comprehensive handover of responsibilities” to take place between now and then.

Kaynor joined Schroders from Ballast Capital Group, where he was chief investment officer, in 2014 as director of small and SMID research before being appointed co-portfolio manager a year ago.

Nicky Richards, global head of equities at Schroders said the team has “great strength and depth of experience” and has worked together within the same investment process for many years. “Bob’s investment track record and leadership skills tell us he is the right person for the job,” he added.

Jones said planning for her successor had been a critical component of her job in recent times in order to “ensure consistency in our process and approach": “I am pleased that Bob shares that passion and is supported by a strong team that will aim to continue delivering strong risk-adjusted returns to our clients over time.”

The information contained within is for educational and informational purposes ONLY. It is not intended nor should it be considered an invitation or inducement to buy or sell a security or securities noted within nor should it be viewed as a communication intended to persuade or incite you to buy or sell security or securities noted within. Any commentary provided is the opinion of the author and should not be considered a personalised recommendation. The information contained within should not be a person's sole basis for making an investment decision. Please contact your financial professional before making an investment decision.

Securities Mentioned in Article

Security NamePriceChange (%)Morningstar
Rating
Schroder US Mid Cap Z Acc139.30 GBP0.29
Schroder US Smaller Comp Z Acc138.10 GBP0.29

About Author

David Brenchley

David Brenchley  is a Reporter for Morningstar.co.uk

Audience Confirmation


By clicking 'accept' I acknowledge that this website uses cookies and other technologies to tailor my experience and understand how I and other visitors use our site. See 'Cookie Consent' for more detail.

  • Other Morningstar Websites