UK managers remain optimistic

yoon chou chong

since taking over both aberdeen and gartmore's uk growth managers have been busy overhauling their portfolios

Aberdeen Asset Management's reputation for managing UK equities has never matched the high regard in which its fixed interest and Asian equities desks are held. However, the group has made several attempts to address this. A reshuffle in January 2002 saw the departure of Jon Thornton, former manager of its core UK Growth fund, who was replaced by Neil Cumming. But Cumming was not long for his new role and left the group the following September. Thornton joined Gartmore in February 2002 as head of UK equities and took over its underperforming UK Growth portfolio. He runs the fund in conju...