Schroder UK Opportunities is understood to have seen outflows totalling 30% of assets since Julie Dean resigned on 8 September and handed the portfolio to Matt Hudson.
The onshore vehicle is understood to have seen redemptions equivalent to 30% of assets between her exit and the end of September. According to FE data, outflows from the portfolio since Dean's exit amount to around £600m as of the beginning of October, the fund having fallen to £1.5bn in size as a result of redemptions and negative returns since 8 September. The smaller offshore fund, Schroder ISF UK Opportunities, also now run by Hudson, has seen redemptions equivalent to 40% of assets. Hudson and the team are understood to be managing outflows by maintaining a constant liquidity ...
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