Van der Klugt retires from Schroders

purves and metcalfe to assume responsibility for £622m uk equity and £488m income portfolios

The impending retirement of Humphrey van der Klugt, the manager of the Schroder UK Equity and Income funds, is not expected to lead to any significant portfolio changes. Van der Klugt, who will leave Schroders on 31 January next year, will hand over the responsibility for both mandates, worth a combined £1.1bn in assets, on 1 October 2003. Nick Purves will assume responsibility for the Income portfolio, while Christopher Metcalfe is to take over the UK Equity fund. Purves and Metcalfe have both been with the group for 10 years, running similar mandated institutional portfolios. As wel...