Top small-cap manager heads Revera launch

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Revera Asset Management is to bring an open-ended focused UK fund to market for former F&C ma...

Revera Asset Management is to bring an open-ended focused UK fund to market for former F&C manager Stephen Grant. Grant already runs the firm’s Chameleon investment trust, which holds special situations stocks, after joining the Edinburgh-based firm in 2006. The fund will have an all-cap remit but will avoid smaller, illiquid issues and will be run on a total return basis. Revera is aiming to launch in April, subject to regulatory approval. Grant previously had a successful stint running the Isis Smaller Companies trust for nine years, winning the UK Small-Cap category in Investment W...

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