Schroders Star Fund Managers Quit – to Launch Own Business

There were high profile fund manager departures at Neptune, Schroders, BlackRock and Axa in June. What next for these funds? 

Emma Simon 29 June, 2017 | 10:59AM

June has been a busy month for the asset management industry: a number of high profile and experienced fund managers have left their current positions, while others have been promoted to new roles. Elsewhere, the merger between Standard Life and Aberdeen Asset Management moved one step nearer, and the Investment Association proposed a new sector for mid-caps.

Schroders Managers To Launch Boutique Business

Two of Schroders’ star fund managers have announced they will be leaving the investment firm at the end of this year to launch their own business – and will take one of their flagship funds with them.

Fund managers Paul Marriage and John Warren will continue to run Schroder UK Dynamic Absolute Return fund (in both its onshore and offshore versions) through their new venture – Tellworth Investments LLP. This fund has £380 million under management. The fund will be rebranded but will essentially retain its current investment objectives.

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Securities Mentioned in Article

Security NamePriceChange (%)Morningstar
Rating
BlackRock Continental Eurp Inc A Acc176.30 GBP-0.39
BlackRock European Absolute Alpha P Acc140.40 GBP0.00
BlackRock Greater Europe Ord326.52 GBP0.78
Lowland Ord826.66 GBP-2.75
Neptune China C Acc GBP1.80 GBP1.24
Neptune UK Mid Cap A Acc GBP2.71 GBP-1.90
Schroder UK Dynamic Abs Ret P1 GBP Acc1.65 GBP0.43
Schroder UK Dynamic Smaller Coms A Acc3.09 GBP0.03

About Author

Emma Simon

Emma Simon  is a financial journalist, specialising in investment and consumer issues, writing for Morningstar.co.uk

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